What is the eventual effect on real gdp if the government increases its purchases of goods and services by $75,000? assume the marginal propensity to consume (mpc) is 0.75. $ −225000 what is the eventual effect on real gdp if the government, instead of changing its spending, increases transfers by $75,000? assume the mpc has not changed. $ 225000 an increase in government transfers or taxes, as opposed to an increase in government purchases of goods and services, will result in

Portia grant is an employee who is paid monthly. for the month of january of the current year, she earned a total of $8,388. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year and the fica tax rate for medicare is 1.45% of all earnings. the futa tax rate of 0.6% and the suta tax rate of 5.4% are applied to the first $7,000 of an employee's pay. the amount of federal income tax withheld from her earnings was $1,391.77. what is the total amount of taxes withheld from the portia's earnings?