Recall that the Aggregate Expenditure function is written as: AE =AE 0 + ( slope of AE) *Y where AE0 is Autonomous Expenditures.

Please see the attached and answer the following:

1.Recall that the Aggregate Expenditure function is written as:

AE =AE0 + (slope of AE) *Y

where AE0 is Autonomous Expenditures. Use the table in part (a) and your answer to part (c) above to calculate Autonomous Expenditure AE0. [Hint: Calculate induced expenditures for any given level of GDP, and use your answer to figure out AE0]

2.In the table above, what is the value of real GDP in equilibrium?