Assume that, without taxes, the consumption schedule for an economy is as shown in the first two columns of the table below. Assume that a lump-sum (regressive) tax of $10 billion is imposed at all levels of GDP. A: Calculate the tax rate at each level of GDP. Enter the amount of the tax, disposable income, consumption after tax, and the solutionspile.com

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Assume that, without taxes, the consumption schedule for an economy is as shown in the first two columns of the table below. Assume that a lump-sum (regressive) tax of $10 billion is imposed at all levels of GDP.

A: Calculate the tax rate at each level of GDP. Enter the amount of the tax, disposable income, consumption after tax, and the tax rate in the table. Instructions: For tax, disposable income, and consumption after tax, enter your answers as a whole number. For the tax rate, round your answers to 2 decimal places.

B. Compare the MPC and the multiplier with those of the pretax consumption schedule. Instructions: Enter your answers for MPC rounded to 1 decimal place and enter your answers for the multiplier as a whole number.

1. MPC for the lump-sum tax consumption schedule

2. MPC for the pretax consumption schedule

3. Multiplier for the lump-sum tax consumption schedule

4. Multiplier for the pretax consumption schedule

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