Kellogg's begins to sell its cereals in new markets after conducting extensive marketing research. after the cereal begins to appear in these new markets, the company increases its promotion expenditure to counteract competitive responses. kellogg's is in the stage of the product life cycle.

Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)