1. The equilibrium level of real GDP. (4 points) 2. Consumer expenditures (4 points) 3. Saving (3 points) 4. The investment multiplier (3 points) 5. The government budget deficit (3 points) 6. The leakages from and injections into the circular flow of income and expenditure. Do leakages equal injections? (3 points) Problem 2 (20 points) In a closed economy, the consumption function is: c = 3.5+ 0.6(y – t) billions of 2020 dollars. The tax function is: t = 0.15y + 0.4 billions of 2020 dollars. Planned investment is $2.5 billion and planned government expenditures are $2 billion. Calculate: