Suppose the marginal propensity to consume is 0.8 and the government votes to increase taxes by $3 billion. Round to the nearest tenth if necessary. Assume the tax rate and the marginal propensity to import are 0.

a. Calculate the tax multiplier.
b. Calculate the resulting change in the equilibrium quantity of real GDP demanded.

a) -4

b) -12 billion

Explanation:

Question 1) Calculate the Tax Multiplier

FIrst, we know that the Marginal Propensity to Consume = 0.8

Based on this, the formula is as follows:

Multipier = -Marginal Propensity to Consume/ (1-Marginal Propensity to Consume)

Multiplier = -0.8/ (1-0.8) = -0.8/ 0.2 = -4

The Tax  Multiplier = -4

Question 2) The resulting change in the equilibrium quantity of real GDP demanded

Change in Demand = Change in Tax x The Tax Multiplier

Change in Demand = $3 billion x -4

= -12

This means that the equilibrium quantity of the real GDP is -12 billion

someone i feel is a leader in my life id have to say would be my mother because she has give me great advice in life and got me out of tough situations. some characteristics she has are creativity, honesty, commitment, respect for others, and communication. one example of a situation when she demonstrated leadership was when i was working late on homework and i started to get stressed and got upset, she asked me if i needed some , and she me with my work. she demonstrated communication and commitment.

i don't know if this is exactly what your looking for but i hope this !

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;