please answer 6b

6. Assume the government of India is facing an inflationary gap. Presume the government plans to increase government spending by $75 Billion as well as cuts taxes by $800 Billion to stimulate the economy. The MPC for the country is 0.65. What would be the total change in GDP based on the fiscal multiplier using the data above? 6b. Let's use a more realistic multiplier - Let's add some realism to the exercise and include the effects of tax and import leakages on the multiplier. Assume, taxes are 0.15 and imports are 0.20 (actual numbers are close to that if you are curious...). What is the change in GDP when you include these values in your multiplier calculation? (3pts) 6. Assume the government of India is facing an inflationary gap. Presume the government plans to increase government spending by $75 Billion as well as cuts taxes by $800 Billion to stimulate the economy. The MPC for the country is 0.65. What would be the total change in GDP based on the fiscal multiplier using the data above? 6b. Let's use a more realistic multiplier - Let's add some realism to the exercise and include the effects of tax and import leakages on the multiplier. Assume, taxes are 0.15 and imports are 0.20 (actual numbers are close to that if you are curious...). What is the change in GDP when you include these values in your multiplier calculation? (3pts)