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In 2000, the nation of Taxovia had a GDP of $800 million. The amount spent on consumption by households in Taxovia during that year was $300 million, the amount spent by the government was $200

In 2000, the nation of Taxovia had a GDP of $800 million. The amount spent on consumption by households in Taxovia during that year was $300 million, the amount spent by the government was $200 million, and the federal government had a budget surplus of $100 million. If in response to a new tax cut of $50 million, consumption by households would've risen to $330 million, what was the marginal propensity to consume in Taxovia in 2000? о 0.6 40 1.25 0 0 2.8

In 2000, the nation of Taxovia had a GDP of $800 million. The amount spent on consumption by households in Taxovia during tha

Jun 10 2021 View more View Less

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