Mathematics · Macroeconomics Aptitude

In a simple macroeconomic model, if the Marginal Propensity to Consume (MPC) is 0.8 and the proportional tax rate is 0.15, what will be the value of the tax multiplier?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1-3
2-0.65
3-2.5✓
4-5

Correct answer

-2.5

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In a simple macroeconomic model, if the Marginal Propensity to Consume (MPC) is 0.8 and the proportional tax rate is 0.15, what will be the value of the tax multiplier?

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In a simple macroeconomic model, if the Marginal Propensity to Consume (MPC) is 0.8 and the proportional tax rate is 0.15, what will be the value of the tax multiplier?

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