1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
iogann1982 [59]
2 years ago
11

If the tax multiplier is 1. 5 and a $200 billion tax increase is implemented, what is the change in gdp, holding all else consta

nt? (assume the price level stays constant. ).
Business
1 answer:
larisa86 [58]2 years ago
5 0

Based on the information given  the change in GDP, holding all else constant is a $300 billion increase in GDP.

Using this formula

Change in GDP=Tax increase× Tax multiplier

Where:

Tax increase=$200 billion

Tax multiplier=1.5

Let plug in the formula

Change in GDP=$200 billion×1.5

Change in GDP=$300 billion increase

Inconclusion the change in GDP, holding all else constant is a $300 billion increase in GDP.

Learn more here:brainly.com/question/9991208

You might be interested in
What is the most important factor to you in choosing a job?
GarryVolchara [31]

Explanation:

1. Salary: Yes it is the salary which comes top most. Everybody needs money and each and everyone expects different salary based on their skills.

2. Career prospects: Career prospects are higher important than the salary. Only if the organization can provide space for growth, then only the job seems to be good.

3. Training and Development: This is one of the important aspect to upskill oneself. The upskill supports both personal growth and the growth of the organization.

4. Flexibility and benefits: Ability to adapt to change and make changes accordingly. Flexibility either way is expected. The additional benefits which one get is really an extra benefit and recognition given to the employee. Eg. Bonus

3 0
3 years ago
"Reginald owns a grocery and his clerks are on strike. Reginald is trying to operate the store with the help of his manager, but
nirvana33 [79]

Answer:

The right thing for Reginald to do Is to merge law and equity to resolve the situation.

Explanation:

It means Reginald should call the ten striking clerks to the table and hear out their grievances and do something about their grievances if the fault is from him(Reginald) so that they can get back to work, but if they fail to come to a compromise, the law can be apply.

3 0
3 years ago
I am having trouble in personal finance and need to learn how to figure out S=P(1+rt) and P=S(1+rt). Can someone assist me in le
NNADVOKAT [17]
A=p(1+rt)
A=future value
P=present value
R=interest rate
T=time
If you want to find present value
P=A/(1+rt)
If you want to find interest rate
R=[(A/p)-1]divided by t
Finally if you want to find time
T=[(A/p)-1]divided by r
7 0
3 years ago
Two friends, rachel and joey, enjoy baking bread and making apple pies. rachel takes two hours to bake 1 loaf of bread and one h
alisha [4.7K]
<span>Joey's opportunity cost of baking 1 loaf of bread is 1 pie or 4 hours of time due to the fact that it takes Joey the same amount of time to bake 1 loaf of bread as it does to bake 1 pie.</span>
6 0
3 years ago
Among the various kinds visual aids, tables are what?
pochemuha

The most difficult to construct.

6 0
3 years ago
Other questions:
  • It costs Sheffield Corp. $12 of variable and $5 of fixed costs to produce one bathroom scale which normally sells for $35. A for
    14·1 answer
  • How does income inequality affect American taxpayers
    11·1 answer
  • A firm recently issued $1,000 par value, 20-year bonds with a coupon rate of 9%. Coupon interest payments will be paid semi-annu
    10·1 answer
  • The set of ideas, inventions, production processes, trademarks, trade secrets, and other intangible mental creations that belong
    6·1 answer
  • The following are the transactions of Spotlighter, Inc., for the month of January:
    13·1 answer
  • Account which shows gross profit or gross loss of the business is called​
    7·1 answer
  • During its first year of operations, Silverman Company paid $11,625 for direct materials and $11,000 for production workers' wag
    7·1 answer
  • Which of these is a nonstore retailer?
    10·2 answers
  • The negative relationship between the quantity of a good, service, or resource and the marginal utility obtained from each addit
    8·1 answer
  • e-business is the exchange of goods and services among individuals, typically facilitated by a third party.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!