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Problem: 1: Suppose that a certain country has an MPC of 0.9 and a real GDP of $400 billion. If its investment spending decreases by $4billion, what will be its new level of real GDP? LO 11.5
Problem: 2: Assume that, without taxes, the consumption schedule of an economy is as follows.
GDP, Billions
Consumption, Billions
$100
$120
200
300
280
400
360
500
440
600
520
700
a. Graph this consumption schedule and determine the MPC.
b. Assume now that a lump-sum tax is imposed such that the government collects $10 billion in taxes at all levels of GDP. Graph the resulting consumption schedule and compare the MPC and the multiplier with those of the pretax consumption schedule.
questiona if the bank negara malaysia sold rm800 million of government securities to private sector money markets
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