In 2017, an estimated 7.7 million Mexican-born immigrants were employed in the United States. a. If 60

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In 2017, an estimated 7.7 million Mexican-born immigrants were employed in the United States.

a. If 60 percent of the Mexican-born immigrants remitted money to family members in Mexico in 2017, and if they each sent $100 per month, how much money did they remit in total in 2017?

b. If, instead, 100 percent of the Mexican-born immigrants remitted money to family members in Mexico in 2017, and if they each sent $250 per month, how much money did they remit in total in 2017?

c. The actual amount remitted to Mexico in 2017 by Mexicanborn immigrants living in the United States was about $31 billion. If we assume that 75 percent of the Mexican-born immigrants remitted money to Mexico that year and if we further assume that each of those immigrants remitted an equal amount each month, how much per month did each of those immigrants have to remit to total $31 billion for the year?

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Economics

ISBN: 9781264112272

22nd Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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