The consumer lives in three periods each of 8 years. His real ANNUAL incomes are equal to 500 in the first period, 700 in the second period, and in the third period. He does not want to make a bequest (leave a legacy). The real interest rate is equal to 0. (Please fill in numbers, percentage values should be provided as numbers greater than 1. For example if inflation is 10 percent, you should write "10" in the blank space provided.) 1. If the consumer can borrow his wealth at the beginning of the third period is 2. If the consumer died 3 years earlier than expected, the amount of bequest he would leave would be equal to 3. Assume that an unexpected stock market boom in the first year of the second period increases the value of his wealth by 40 percent. His saving rate out of income in each year of the second period would be equal to percent. 4. Assume that the government unexpectedly increases social transfers in the first year of the second period. The new annual income in the second period is equal to 750. If the consumer believes that the increase in annual income is temporary, that is he expects that the annual income would be equal to 700 from the second year of the second period onwards, his marginal propensity to consume out of additional social transfers would be equal to . If the consumer believes that the increase in annual income is permanent, that is he expects that the annual income would be equal to 750 during the entire second period, his marginal propensity to consume out of additional social transfers would be equal to