1. Assume that the multiplier in a country is equal to 4 and that autonomous real consumption spending is $1 trillion. If current real GDP is $15 trillion, what is the current value of real consumption spending?
2. The multiplier in a country is equal to 5, and households pay no taxes. At the current equilibrium real GDP of $14 trillion, total real consumption spending by households is $12 trillion. What is real autonomous consumption in this country?
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