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4. Suppose that the government plan to have a tax cut of Euro 10 billion for people earning between 20,000 40,000, who represent 80% of

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4. Suppose that the government plan to have a tax cut of Euro 10 billion for people earning between 20,000 40,000, who represent 80% of the population and have a marginal propensity to consume of 075. Moreover, the government plans tax cuts for Euro 5 billion for people earning above 40,000Euro Who are 10% of the population. If the initial GDP is of 200 billion, after this operation What do you expect the GDP to be

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