Based on the marginal propensity to consume, the required tax cut to get a $300 billion stimulus is $400 billion.
<h3 /><h3>How much of a tax cut is needed?</h3>
This can be found by the formula:
= Required fiscal stimulus / Marginal propensity to consume
Solving gives:
= 300 / 0.75
= $400 billion
In conclusion $400 billion of tax cuts are needed.
Find out more on marginal propensity to consume at brainly.com/question/17930875.
#SPJ11
Answer:
86,000,000
Explanation:
Ask me if you need more help :)
Answer:
B. a financial intermediary because they take premiums and use them to purchase financial securities
Explanation:
Answer:
Beginning Balance Accounts Payable= $ 14,690
Explanation:
Ending Balance =$ 16,890
Less Purchases = $ 4500
Add payments= $ 2,300
Beginning Balance Accounts Payable = $ 14,690