The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses below rounded to one decimal place. Price level 340 360 380 400 420 440 460 480 500 520 Real GDP Price level 340 360 380 400 420 440 460 480 500 520 Real GDP a. The size of its recessionary gap is $ 0. b. The size ofthis gap as a percentage of its actual GDP is |:| %. c. If the natural rate of unemployment is 3%, use Okun's law to calculate the amount of actual unemployment in Altrua. The actual rate of unemployment is |:| %. Suppose the real GDP of an economy is $500 billion dollars and its unemployment rate is 6%. If the natural rate of unemployment is estimated at 4%, what is the value of the country's potential GDP (LAS) in billions of dollars? Value of the country's potential GDP (LAS) is $ 108.70 0 billion. The graph below, illustrates the economy of Everton, which is presently in macroeconomic equilibrium. Your Graph Score: 25% 130 LAS (potential GDP) X 120 AD2 AS2 AD 2 110 AS, 100 Price index 90 80 70 AD 60 200 300 400 500 600 700 800 Real GDPa. Assuming the original AD1, the equilibrium value for the price level is 85 and equilibrium real GDP is $ 400 v b. There is now a recessionary @ gap of $ 100 O . Suppose that aggregate demand in Everton increased by 200. c. Draw a new AD2 curve in the graph above to show this change. Plot only the endpoints of AD2. d. The new equilibrium value for the price level is 95 and equilibrium real GDP is now $ 500 e. There is now no gap of $ O O . f. Put a check mark next to each of the following factors that could have caused the increase in demand that you illustrated in part (c). You may select more than one answer. Click the box with a check mark for correct answers and double click to empty the box for the wrong answers. decreased exports higher taxes lower interest rates higher government spending Suppose that, following the change in (c), the aggregate supply increases by $100. g. Draw a new AS2 curve in the graph above. Plot only the endpoints of the new AS2 in the graph above.Suppose that, following the change in (c), the aggregate supply increases by $100. g. Draw a new A52 curve in the graph above. Plot only the endpoints ofthe new A82 in the graph above. h. The equilibrium value for the price level is now |:| and equilibrium real GDP is now $ |:| . i. There is now |:| gap of$ |:| . Suppose that a simple economy has the following parameters. C = 100 + 0.6Y | = 300 a. Complete the following table. b. The value of expenditures equilibrium is $ |:|. c. At the expenditures equilibrium, the value of injections is $ |:| and the value ofleakages is $ |:|. The table below provides information for the economy of Zawi. c = 40 + 0.622 XN = 15 - 0-123! a. The value of equilibrium income is $ 0 b. Set up a balancing row to verify your calculations (the tax equation is T = 60 + 0.3Y and X = 205); Enter your responses as whole numbers. c. If exports decrease by 40, the new equilibrium income is $ 0 The table below shows some of the expenditure amounts in the economy of Arkinia. The MPC, the MTR, and the MPM are all constant, as are the values of the three injections. a. Complete the table below' 0 9! !H IH \\ L...) O ! 0000 0 000000 02 00 H .1; o :1 0 ' I M o ml % IE I a! l 0 0 Draw a 45 line (labelled Y) and the aggregate expenditure function, labelled AE1. Identify expenditure equilibrium with the letter e1. Use the tool "91" to show the expenditure equilibrium. Plot only the endpoints of Y and AE. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co ordinates for your points as needed. Draw a 45 line (labelled Y) and the aggregate expenditure function, labelled AE1. Identify expenditure equilibrium with the letter e1. Use the tool "e1" to show the expenditure equilibrium. Plot only the endpoints of Y and AE. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co ordinates for your points as needed. Your Graph Score: 0% The Economy of Arkinia 800 / / v = AE AE1 600 / o AE2 e1 ['0 O 0 Aggregate expenditures ($billions) 4; O O 200 400 600 800 Income ($billions) 400 Aggregate expendi 200 0 200 400 600 800 Income ($billions) b. The value of equilibrium income is $ 600 c. At equilibrium, the value of total injections is $ 100 and of total leakages is $ 140 X d. The value of the MPE in Arkinia is 70 * . Round your answer to 2 decimal places. e. The value of the multiplier in Arkinia is 1 @ . Round your answer to 2 decimal places. f. Suppose that exports from Arkinia were to increase by $90. Draw the new aggregate expenditure function on the graph above, and label it AE2. Remember to plot only the endpoints of AE2. g. The value of the new equilibrium income is $ 50 x .The graph below shows the domestic supply of and demand for mangos in India. 18 D 16 14 12 10 Price ($) 8 6 X 4 N 0 400 600 800 000 1200 400 1600 Quantity of mangos (cases) The world price is $6 a case, and India is open to free trade. Will India export or import mangos?The world price is $6 a case, and India is open to free trade. Will India export or import mangos? a. India will Import mangos since, the domestic demand exceeds the domestic production. b. What quantity will domestic producers supply? cases of mangos. c. What quantity will India export or import? Import cases of mangoes d. If the world price is $12, will India export or import mangos? How much? India will export the difference of cases.The graph below illustrates hypothetical supply and demand curves for the Canadian dollar. Use the graph to answer the questions below. Your Graph Score: 0% m 1.04 / a a 9 '51 D2 cn_ 1.02 D .E a E g 1.00 E (I! "a (U E (U 53 0.98 O (D .2 15: D 0.96 2 0 25 50 75 100 125 150 Quantity of Canadian dollars (billions)