l . What would he the impat't on GDP if consumer spending increased by SIDED and the NFC was {1? 5? What would your answer be if the h-[PC was CL? {4} 2. What would he the effect on GDP if the business sector decided to increase its spending by $20 million? Assume an MC of (US. {2] 3. The multiplier concept works in reverse as well. A decrease in Spending will cause GDP to fall by a multiple amount. Can you explain why? [3] 4. Which has more impact on the economyr a 520 million increase in government spending or a $20 million decrease in taxes? Use the expenditure and tax multipliers in your answer. (4] Assume an MP0 of 0.?5