Instructions: In the table, enter your answers as a whole number. Round your answers for the MPC and the multiplier to 1 decimal place. What is the value of the MPC? b. Assume now that a lump-sum tax...

Extracted text: Instructions: In the table, enter your answers as a whole number. Round your answers for the MPC and the multiplier to 1 decimal place. What is the value of the MPC? b. Assume now that a lump-sum tax is imposed such that the government collects $10 billion in taxes at all levels of GDP. Add the after-tax consumption to the table below. Consumption, Before Tax, Billions Lump-SumTax, Consumption, After Тах, Bllons GDP, Billions Billions 100 120 10 200 200 10 300 280 10 400 360 10 500 440 10 600 520 10 700 600 10 Compare the MPC and the multiplier with those of the pretax consumption schedule. MPC after tax = Multiplier after tax = The MPC and multiplier are: O higher before the tax. higher after the tax. O the same before and after the tax.