ramireznoem4154 ramireznoem4154

20-03-2020
Business

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The Whereami County government has cut its spending by $4.5 million and raised taxes on County residents by $3.5 million in order to close a growing budget deficit. If the local marginal propensity to consume is 0.9, by how much has local GDP decreased because of these changes to government spending and taxes?

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hamzafarooqi188 hamzafarooqi188

24-03-2020

Answer:

The gap in present GDP and full employment GDP is $120.27 Million

Explanation:

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