Country X wants to increase GDP by $100 via consumer spending. To achieve this how much should they cut taxes by if MPC= .8

If the income in the country X rises by $100 million and the MPC is 0.8, consumption in the country rises by $80 million.What is MPC?The marginal propensity to consume (MPC) is a measure of how much extra income is spent on consumption. In economics, the marginal propensity to consume (MPC) is defined as the proportion of a pay increase that a consumer spends on goods and services rather than saving.Here the company increases GDP  = $100 .Also given MCP = 0.8To find tax cut off = GDP X MPC.                               = 100 X .8                               = $80If the income in the country X increases by $100 million and the MPC is 0.8, consumption in the country increases by $80 million.To learn more about MPC refer to :https://brainly.com/question/20376297#SPJ1