(10pts) 1. Suppose the following information characterizes the economy: (All figures are in billion dollars) Consumption (C) = 300+ 0.2 (Y-T) Government Expenditures (G) = 400 Taxes (T) = 80, and Investment (1)=500. a. What is the income equilibrium for this economy? b. Indicate your solution to questioning one graphically using the aggregate demand aggregate expenditure framework c. If government expenditures want to increase by 10 billion dollars, what is the new equilibrium? d. What is the government spending multiplier? e. Interpret the results in part d. BTU A T* Verdana 11pt EEEEE E- ? 92