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Answer to Question #42675 in Other Economics for Amaar

Question #42675
An economy’s marginal propensity to consume out of disposable income is 0.75, its
marginal and average tax rate is 0.15, and its marginal and average propensity to import
is 0.15. What is the increase in government expenditure needed to prevent a fall in
equilibrium income of 20 billion Dollar?
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