Question
In this country, for each additional $1 of income earned, 4 cents ($0.04) is saved, 15 cents ($0.15) is taken as tax and 6 cents
In this country, for each additional $1 of income earned, 4 cents ($0.04) is saved, 15 cents ($0.15) is taken as tax and 6 cents ($0.06) is spent on imported goods and services. Calculate the value of the multiplier.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
