The following table shows the aggregate demand and aggregate supply schedules for the economy of Queen's Island. The potential GDP is $1,600. Aggregate Quantity Demanded $2000 1800 1600 1400 1200 1000 Price Index 80 90 100 110 120 130 Aggregate Quantity Supplied $1100 1200 1300 1400 1500 1600 a) What are the equilibrium values of price and real GDP? (1) b) What type of gap exists for Queen's Island and what is the size? (2) c) Assume that aggregate demand shifts so that the economy of Queen's Island is at full employment. (i) In which direction does AD shift and by how much does the AD change? (2) (ii) What are the new equilibrium values of price and real GDP? (1)