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Disposable Income=GDP Consumption Ig G X M $150000 $195000 $9000 $14000 $12000 $20000 $300000 $330000 $9000 $14000 $12000 $25000 $450000 $465000 $9000 $14000 $12000 $30000
Disposable Income=GDP Consumption Ig G X M
$150000 $195000 $9000 $14000 $12000 $20000
$300000 $330000 $9000 $14000 $12000 $25000
$450000 $465000 $9000 $14000 $12000 $30000
$600000 $600000 $9000 $14000 $12000 $35000
$750000 $735000 $9000 $14000 $12000 $40000
potential GDP equals $800,000,
taxes =0.015Y, where Y represents GDP
1-Solve for the actual multiplier based upon the information provided throughout this problem.
2-Solve for the simple multiplier based upon the information provided throughout this problem.
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