There is a striking similarity between the simple multiplier and the deposit multiplier. Table 1 Round AAE AY a. Suppose the marginal propensity to spend out of GDP, z, is 0.7. If autonomous spending increases by $1,000, fill in Table 1 to the right. (Round your responses to the nearest dollar.) First $1,000 $1,000 Second $ 700 $ 700 b. The sum of the values in the third column should be: Third $ 490 $ 490 AY = $1,000 + (0.7) x$1,000 + (0.7)"x$1,000 + ... Fourth $ 343 $ 343 The total change in GDP for this situation is $. (Round your responses to the nearest cent.)