Assuming no change in government spending, an increase in taxes of $100 billion with an MPC of 0.80 will subtract a total of $_____________ billion from the economy after the multiplier effect.
-80
-400
-200
-500

Question

12-12-2022
Business

contestada

Assuming no change in government spending, an increase in taxes of $100 billion with an MPC of 0.80 will subtract a total of $_____________ billion from the economy after the multiplier effect.
-80
-400
-200
-500

Respuesta :

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tutorconsortium647 tutorconsortium647 · Answer 1 · 2022-12-19T07:59:56+01:00

Assuming no change in government spending, an increase in taxes of $100 billion with an MPC of 0.80 will subtract a total of ₋$500 billion from the economy after the multiplier effect.

What is MPC and MPS in economics?

The marginal propensity to save (MPS) is the portion of each extra dollar of a household's income that's saved.

MPC stands for marginal propensity to consume. The economic definition of this phrase is the amount of extra income you spend on the consumption of goods and services.

Let’s take a look at the meaning of each word in this phrase.

Marginal: A function of a random variable obtained from several other variables

Propensity: A preference for something

Consume: To buy, use up

After breaking down the phrase, MPC literally means creating a function using our preference for spending or saving money.

To know more about MPC visit: https://brainly.com/question/29035456

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Assuming no change in government spending, an increase in taxes of $100 billion with an MPC of 0.80 will subtract a total of $_____________ billion from the economy after the multiplier effect. -80 -400 -200 -500

Respuesta :

What is MPC and MPS in economics?

Otras preguntas

Assuming no change in government spending, an increase in taxes of $100 billion with an MPC of 0.80 will subtract a total of $_____________ billion from the economy after the multiplier effect.
-80
-400
-200
-500