If the marginal propensity to consume (MPC) is 0.80, and if policy makers wish to increase real GDP $200 billion, then by how much would they have to change taxes?

A. ?$240 million.
B. ?$200 million.
C. ?$180 million.
D. ?$50 million.


Answer: D

Economics

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Which of the following strategies does your text suggest would allow a poorer nation to "catch up" to richer nations?

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A typical 50-year-old male earns: a. one-third more than a male in his early 20s

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