In this country, for each additional $1 of income earned, 4 cents ($0.04) is saved, 15 cents
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Question:
In this country, for each additional $1 of income earned, 4 cents ($0.04) is saved, 15 cents ($0.15) is taken as tax and 6 cents ($0.06) is spent on imported goods and services. Calculate the value of the multiplier.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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