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Question 2 [16 points]Research by a team of expert economists has uncovered the consumption and import functions and produced aforecast of planned investment and exports for the economy of Sunny City as reported below:a)What equilibrium real GDP would Sunny City produce?b)What are the marginal propensities to consume and import in Sunny City.
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c)What is the size of the multiplier?d)If actual GDP were 800, what difference between planned and actual investment would result? Why?