Safari File L I CHAR " 714 points Skipped References Edit View History Bookmarks Window Rt Sun Jan7 6:39PM ) o == [@ v ezto.mheducation.com ch + M McGraw-Hill Connect M Question 12 - Chapter 33 Homework - Connect Dashboard Chapter 33 Homework i Saved Help Save & Exit Submit Check my work 12 Problem 33-03 part a 7.14 Assume that, without taxes, the consumption schedule for an economy is as shown below: points GDP, Billions Consumption, Billions 100 $ 120 Book 200 200 300 280 400 360 Print 500 440 600 520 700 600 References Graph this consumption schedule. Instructions: Use the tool provided 'C,' to draw the consumption schedule given in the table above (plot 7 points total). o earn full credit for this graph, you must plot all required points for this line. Start your line at GDP = $100 billion. Consumption Schedule 680 Tools 600 520 C1 440 Consumption expenditures (billions of dollars) 360 100 200 300 400 500 600 700 800 GDP (billions of dollars) Instructions: Round your answer to 1 decimal place. What is the size of the MPC? @ ezto.mheducation.com M Question 13 - Chapter 33 Homework - Connect Chapter 33 Homework @) Saved Help Save & Exit Submit [ crcemyvor d 13 Problem 33-03 part b 714 Assume that, without taxes, the consumption schedule for an economy is as shown in the first two columns of the table below. Assume points that a lump-sum (regressive) tax of $10 billion is imposed at all levels of GDP. Sieped Consumption Disposable Consumption GDP, Billions. Before Tax, Tax, Billions Incom':o Billions After Tax, Tax Rate, Percent Billions i Billions !l $ 100 $120 eBook 200 200 300 280 = 400 360 Print 500 420 600 520 @ 700 600 References a. Calculate the tax rate at each level of GDP. Enter the amount of the tax, disposable income, consumption after tax, and the tax rate in the table. Instructions: For tax, disposable income, and consumption after tax, enter your answers as a whole number. For the tax rate, round your answers to 2 decimal places. b. Compare the MPC and the multiplier with those of the pretax consumption schedule. Instructions: Enter your answers for MPC rounded to 1 decimal place and enter your answers for the multiplier as a whole number. MPC for the lump-sum tax consumption schedule = MPC for the pretax consumption schedule = Multiplier for the lump-sum tax consumption schedule = Multiplier for the pretax consumption schedule = Next > @