Use the information in the table to answer the following questions: Real GDP Consumption Investment Government purchases Net Exports $8000 $6900 $1000 $1000 -$500
9000 7700 $1000 $1000 -$500 10000 8500 $1000 $1000 -$500 11000 9300 $1000 $1000 -$500 12000 10100 $1000 $1000 -$500 a. What is the equilibrium level of real GDP? b. What is the MPC? c. Suppose government purchases increase by $200 billion. What will be the new multiplier level of real GDP?