View History Bookmarks Profiles Tab Window Help O s for Debi Sordillia: Fun X M Question 4 - Ch 12 Assignme X G 2025 nfl playoffs - Google Se X Percent Difference X o.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewco... dj O signment i Saved Help Save & Exit Sub Check my work Problem 12-04 (algo) Refer to the News Wire to answer three questions. NEWS WIRE: FISCAL STIMULUS: TAX CUTS Trump Tax Cuts Boost Spending The Tax Cuts and Jobs Act of 2017 seems to be working. Although the nces lion's share of President Trump's tax cuts went to business, consumers got a tax break as well. For the average U. S. household, the tax cut amounts to roughly $40 a week in take-home pay. That may not sound like much, but with 130 million households, that extra income can pack some punch. According to the National Retail Federation, consumer spending was up. 4.8 percent in the first six months of this year. And the government reports that GDP grew by 4. 2 percent in the second quarter, the best performance since 2014. There may be other factors at work here, but tax-cut fueled consumer spending is certainly a big contributor. Source: News accounts of September October 2018. Instructions: In part a, enter your response as a whole number. In parts b and c, round your responses to one decimal place. a. How much did the weekly disposable income of the average household increase as a result of the Trump tax cut? $ 40 per week VE 19 tv N OEdit View History Bookmarks Profiles Tab Window Help Grades for Debi Sordillia: Fun X M Question 4 - Ch 12 Assignme X G 2025 nfl playoffs - Google Se X Percent Difference 2% ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewco... bj Ch 12 Assignment i Saved Help Save & Ex Check 4 months of this year . And the government reports that Gur grew by 4.4 percent in the second quarter, the best performance since 2014. There may be other factors at work here, but tax-cut fueled consumer spending is certainly a big contributor. Source: News accounts of September-October 2018. 9.09 points Instructions: In part a, enter your response as a whole number. In parts b and c, round your responses to one decimal Book a. How much did the weekly disposable income of the average household increase as a result of the Trump tax cut? Print $ 40 per week References b. How much did the weekly disposable income of all households increase? $ billion per week c. If the MPC was 0.9, by how much did total consumer spending increase i. after a one-week boost to incomes? $ billion ii. after all the spending cycles were completed after a one-week boost to incomes? $ billion Mc Graw Hill APR 19 T 4