November 25, 2015

Homework Help: economics

Posted by tommy on Friday, May 17, 2013 at 11:25am.

A research firm calculated that students who attend University spend about $2,760 each in the local economy for a total of $50.45 million. In total, the impact of their spending on the local economy is £63 million. Calculate the size of the student spending multiplier.

can someone tell me how to go about this?

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