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With a lump sum tax of $15 billion & an MPC of 3/5 what is the impact on GDP. Textbook Chapter p. 219, 233, 234,

  • With a lump sum tax of $15 billion & an MPC of 3/5 what is the impact on GDP.
  • Textbook Chapter p. 219, 233, 234, 235.
  • If you are running for re-election -- what fiscal policy issues do you want to avoid?
  • Compare the size of the public debt relative to GDP with the size of the public debt relative to GDP in three other countries.

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