The government, through a subsidy program, distributes $5,000,000. If we assume that each person or agency spends
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The government, through a subsidy program, distributes $5,000,000. If we assume that each person or agency spends 70% of what is received, and 70% of this is spent, and so on, how much total increase in spending results from this government action? (Let a1 = $3,500,000.)
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College Mathematics For Business Economics Life Sciences And Social Sciences
ISBN: 9780321945518
13th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen
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