Problem
1. For the data in the following table, the consumption function is C = 200 + 0.8(Y - T). Fill in the columns in the table and identify the equilibrium output.
2. Use your answer to the previous problem to calculate the MPC, MPS, government spending multiplier, and tax multiplier. Draw a graph showing the data for consumption spending, planned aggregate expenditures, and aggregate output. Be sure to identify the equilibrium point on your graph.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.