You are given the following data concerning planned expenditure on Heron Island: (figures are in billions of dollars) C = 8.5 + 0.5 Yd TA = 0.25 Y + 0.1 Import (IM) = 0.05 + 0.1 Y Export (EX) = $5.5...

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Extracted text: You are given the following data concerning planned expenditure on Heron Island: (figures are in billions of dollars) C = 8.5 + 0.5 Yd TA = 0.25 Y + 0.1 Import (IM) = 0.05 + 0.1 Y Export (EX) = $5.5 Govt. expenditure (G) = $5 Investment (I) = $3.5 a. Calculate real GDP at equilibrium expenditure. Number b. Calculate autonomous tax multiplier Number c. Calculate investment multiplier. Number d. Calculate marginal tax rate multiplier. Number e. The change in real GDP resulting from a $3.2 billion rise in government expenditure. Number


Extracted text: Using the following data, determine: National Income (GDP) 1,450 billion Marginal propensity to consume, b 0.7 Proportional rate of taxes 0.2 Autonomous expenditure 50 billion Exports 400 billion Marginal propensity to import, MPIM 0.33 Part 1: Level of Canadian imports, M? Number Part 2: Level of Canadian net exports, NX? Number Part 3: Is the trade balance in: (answer 1 for Surplus or 2 for Deficit ) Number