Calculate the resulting change in GDP for each of the following MPCS when the government decreases taxes by $225 billion (change in taxes equals-$225 billion Instructions: Round your answers to one decimal place a The marginal propensity to consume (MPC)= 0.2 The change in GDP is $ billion a. The marginar propensity to consume (MPC)= 0.5 The change in GDP is $ biltion c The marginal propensity to consume MPC)= 08 Liltion The change in GDP

Q: Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500…

A: The loan is the amount of money which would result in the amount of money borrowed and used for…

Q: do you think the possession of marijuana should be decriminalized?

A: As many states are decriminalizing the possession of limited amount of marijuana for medicinal…

Q: what are the condition in granting a franchised?

A: In a market, a franchise refers to an economic activity performed by a business in which it decides…

Q: True or False: When an online job application asks for your Social Security Number, you should only…

A: Your Social Security Number (SSN) is a unique identification number issued to you by the Social…

Q: A table is on sale for 15% off. The sale price is $374. What is the regular price?

A: The regular price is the the original or full price of a product or service before any discounts,…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: Your Aunt Debby has come to you offering to pay you if you make large signs to advertise her…

A: A supply schedule is a table showing the quantity supplied of a commodity at each price for a given…

Q: Define conditions and warranties and distinguish between both under the relevant provision of Sale…

A: In an economy, different acts are made by the regulating authorities to distinguish the market…

Q: Your workforce in the sales department consist of 30 workers. 10 are baby boomers born between 1945…

A: The workforce is the work pool in employment. It is frequently used to depict those working for a…

Q: Are there any drawbacks to bimetallism?

A: A monetary system that is also known by the name bimetallism is the system in which the value of a…

Q: Is there anything more I can add to make this answer worth 8 marks?

A: Investment increases the capital stock, and the amount of capital that is available to an economy is…

Q: What are the different ways in which personal property can be obtained?

A: Personal property is a type of property that consists of any property except real estate. It's also…

Q: An impersonal non-commercial source of information used to make travel decisions would be travel…

A: This statement is true. An impersonal non-commercial source of information used to make travel…

Q: How would present a loss and or an expense or damage claim?

A: Development contracts will by and large accommodate the contractor to guarantee direct loss and…

Q: expensive

A: Suits are considered to be an important part of the professional world and a suit also tends to…

Q: The costs of owning and operating an asset can be divided into two categories. What are they?

A: According to cost theory, there are two different types of cost associated with any economic…

Q: A change in technology that makes it more costly to produce tort

A: Technological change is important for industrial development. However, often there are situations…

Q: What are criminal prosecutions?

A: The court is the place where trials and legal cases take place.

Q: Why do transaction fees occur?

A: In a market, transaction cost refers to the additional cost that is bear by the firm or the…