Managerial Economics MCQ: If the tax function is T= t0+t1y where t1 equals 1/3,and if the marginal propensity to consume out of disposable income is 3/4 , then the change in GDP oer unit change into t0 (∆Y/∆ t0) will be

If the tax function is T= t0+t1y where t1 equals 1/3,and if the marginal propensity to consume out of disposable income is 3/4 , then the change in GDP oer unit change into t0 (∆Y/∆ t0) will be

Correct Answer: -1.5

Make the most of this question

This page focuses on one Managerial Economics question from Faculty. After checking the answer, return to the topic list to practice more or run a timed set.

← More Managerial Economics MCQs All Faculty topics Mock test hub