Question: please answer Suppose that potential real GDP equals $200M and actual real GDP equals $160M. Marginal propensity to save equals 0.2 and the tax rate

please answer

Suppose that potential real GDP equals $200M and actual real GDP equals $160M. Marginal propensity to save equals 0.2 and the tax rate is 25%. Determine the required change in transfer payments needed to bring the economy to full empoyment assuming no change in the aggregate price level and no imports. COPYRIGHTED MATERIAL. NOT TO BE SHARED. $ MILLION

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