During the recent recession sparked by financial crisis, the US economy suffered tremendously Suppose becouse of the recession. the US GDP dropped from $14 vilion to $12.5 tritison. This decline in GDP was due to a drop in consumption worth $1 tillion and a drop in investment worth $500 bilion. The US. government, under the current president, responded to this recession by increasing government purchases Instructions: found your answer to one decimal place. a. Suppose the governinent spending had no impact on consumption, investment, or net exports. If the current presidential administration wanted to bring GDP back up to $14 trilion, government spending would have to rise by 5 twilion. Instructions: Round your answer to the nearest whole number. b. Many economists believe that an increase in government spending doesn't just directly increase GDP, but it also leads to an increase in consumption. If government spending rises by $1 trillion, in order to bring GDP back to $14 trillion, consumption would have to rise by $ biltion.