Assume that, without taxes, the consumption schedule for an economy is as shown in the table below. Impose a progressive tax such that the tax rate is 0 percent when GDP is \( \$ 100,5 \) percent at \( \$ 200,10 \) percent at \( \$ 300,15 \) percent at \( \$ 400 \), and so forth.
Instructions: Enter your answers in the table as a whole number. Round your answers for the MPC and multiplier to 1 decimal place.
i. Determine the new consumption schedule, noting the effect of this tax system on the MPC and the multiplier.
\begin{tabular}{c|c|c|c|c|c|}
\hline GDP, Billions & \begin{tabular}{c}
Consumption \\
Before Tax, \\
Billions
\end{tabular} & Tax, Billions & \begin{tabular}{c}
Disposable \\
Income, Billions
\end{tabular} & \begin{tabular}{c}
Consumption \\
After Tax, \\
Billions
\end{tabular} & \begin{tabular}{c}
Tax Rate, \\
Percent
\end{tabular} \\
\hline\( \$ 100 \) & \( \$ 120 \) & & & & \\
\hline 200 & 200 & & & & \\
\hline 300 & 280 & & & & \\
\hline 400 & 360 & & & & \\
\hline 500 & 440 & & & & \\
\hline 600 & 520 & & & & \\
\hline 700 & 600 & & & & \\
\hline
\end{tabular}
ii. Calculate the MPC and the multiplier.
MPC \( = \) \( \square \)
Multiplier \( = \) \( \square \)
