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

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Calculate the resulting change in GDP for each of the following MPCS when the government decreases laxes by $225 bilion (change
in taxes equals-$225 billiont
Instructions: Round your answers to one decimal place
a The marginal propensity to consume MPC) = 0.2.
The change in GDPs $
Lition
The marginal propensity to consume MPC=0,5
The Change n GDP is $
Taltion
e The marginal prapensity to consume PAPC)=08
The change AGDP4$
Transcribed Image Text:Calculate the resulting change in GDP for each of the following MPCS when the government decreases laxes by $225 bilion (change in taxes equals-$225 billiont Instructions: Round your answers to one decimal place a The marginal propensity to consume MPC) = 0.2. The change in GDPs $ Lition The marginal propensity to consume MPC=0,5 The Change n GDP is $ Taltion e The marginal prapensity to consume PAPC)=08 The change AGDP4$
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