500-700 words + calculations Details: Congress is considering a tax credit program for those who purchase wind or solar-powered products.

500-700 words + calculations Details: Congress is considering a tax credit program for those who purchase wind or solar-powered products. Proponents of the program have said that $400 million will be given directly to taxpayers and are arguing that this will have an economic effect that is greater than the original $400 million spent because of the multiplier effect. Many voters and taxpayers are not familiar with the concept of a multiplier in this sense. Your think tank has decided to produce a short report that will help voters better understand the proponents’ claims and Gabe has asked you to write this. Be sure to include the following in your report:•Give a basic explanation of how the multiplier concept is computed, including MPC.•Assume that the average American’s marginal propensity to consume (MPC) is ½, and American producers’ MPC is also ½.•Calculate the following, explaining how you arrived at each result: ◦The amount consumers will spend on new consumption◦The amount of new spending from producers◦The multiplier in this case◦The total increase in spending from the primary spending of $400 million •Explain the multiplier concept as it applies in this case.•What are the qualifications and limitations of the Multiplier Model?