Sunday

April 20, 2014

April 20, 2014

Posted by **jill** on Wednesday, May 22, 2013 at 10:56am.

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.

MPC =impact of spending/actual spend by students

or

£63m/£50.45m = 1.24876114965, rounding to two decimal places we end up with

£63m/£50.45m = 1.25

So in this instance the multiplier is 1.25.

- economics -
**jill**, Wednesday, May 22, 2013 at 11:04amoops should be in $ not £, eek!

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