If a $15 billion reduction in taxation produces an increase of $20 billion in output, the value of the government taxation multiplier is.. O -0.75 O 0.33 O 0.75 O 1.33

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.3: The Cartesian Plane And Graphs Of Equations
Problem 7ECP
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If a $15 billion reduction in taxation produces an increase of $20 billion in output, the value of the government taxation
multiplier is..
O0.75
O 0.33
O 0.75
O 1.33
Transcribed Image Text:If a $15 billion reduction in taxation produces an increase of $20 billion in output, the value of the government taxation multiplier is.. O0.75 O 0.33 O 0.75 O 1.33
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