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He spending of the households, businesses and the government in the Banana Republic is expressed as: C = 100 +
He spending of the households, businesses and the government in the Banana Republic is expressed as:
C = 100 + .80Y, I = 100, and G = 300.
The Banana Republic's government decides on taxing the households at the amount of T = 200. All other assumptions are the same as above.
The tax will reduce the GDP of the Republic by ______
a.2000
b.180
c.800
d.200
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