13. How much must taxes fall to eliminate the GDP gap? The basis of the following information....

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13. How much must taxes fall to eliminate the GDP gap?

The basis of the following information.
Assume that equilibrium real GDP is $800 billion, potential real GDP is $900 billion, the MPC is .80, and the MPI is .40.

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Macroeconomics

ISBN: 9781250781284

8th Edition

Authors: William Boyes, Michael Melvin

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Question Posted: Nov 12, 2024 02:00 AM

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How much must taxes fall to eliminate the GDP gap? Assume that equilibrium real GDP is $$800$ billion, potential real GDP is $$900$ billion, the MPC is .80, and the MPI is .40.
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13. How much must taxes fall to eliminate the GDP gap? The basis of the following information....

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Macroeconomics

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