Business, 03.07.2020 19:01 hncriciacheichi

Answer the following questions about the tax multiplier Instructions: In part a, round your answer to two decimal places. In parts b and c, enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. Suppose the marginal propensity to consume (MPC) for a nation is 0.7. What is the tax multiplier for this nation?
b. What is the tax multiplier for this nation if a $150 increase in taxes reduces real GDP by $450?
c. How much will real GDP change if the tax multiplier is-9 and taxes are reduced by $200?

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Answer the following questions about the tax multiplier Instructions: In part a, round your answer t...