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natali 33 [55]
2 years ago
5

Suppose government belives the simple Keynesian model is descriptive of the current economy. Conress wants to lower Real Gdp by

$100 billion. The marginal propensity to consume is 0.80 Congress raises tax by:______
a. $28 billion
b. $15 billion
c. $29 billion
d. $22 billion
d. None of the above
Business
1 answer:
vichka [17]2 years ago
8 0

Answer:

d. None of the above

Explanation:

if the marginal propensity to consume = 0.80, the Keynesian's multiplier = 1 / (1 - MPC) = 1 / (1 - 0.8) = 1 / 0.2 = 5

that means that if Congress wants to decrease real GDP by $100 billion and the Keynesian's multiplier is 5, then it should raise taxes by $20 billion. This way -$20 billion (taxes take away money from the economy) x 5 = -$100 billion.

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ohaa [14]

Answer:

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Actual direct deposit of payroll in week is $66,000 minus $18,249 = $47,751

Explanation:

Number of employees = 150

Hourly wage = $11

Weekly hours worked = 40 hours

Weekly wage = 40 x 11 = $440 per employee

Taxes deduction:

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5 0
3 years ago
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An assurance means the knowledge and courtesy of employees and their ability to convey trust.

<h3>What is an assurance?</h3>

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6 0
1 year ago
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NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

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maw [93]

Answer:

Laffer curve.

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Laffer Curve is developed by

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Laffer curve shows the relationship that occurs between the tax rate and the amount of tax revenue collected

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How much tax do i pay if i make 100000 in california?
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29,208 I used a tax calculator
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