Question: Please help 5. A recent report on the economic impact of Fermilab finds that the Lab's total economic impact on Illinois output in 2018 was
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5. A recent report on the economic impact of Fermilab finds that the Lab's total economic impact on Illinois output in 2018 was $451.8 million (Table 9) (Andersen Economic Group, Inc., "The Economic and Fiscal Impacts of Fermi Lab on Illinois," December 6, 2019, https://www.fnal.gov/pub/about/economic-impact/pdfs/Fermilab-Economic-Impact-Report- FINAL.pdf.) TABLE 9. Net Economic Impact of Fermilab in Illinois, 2018 Output Earnings Impact Type (millions) (millions) Employment Direct $261.4 $205.2 1.922 Indirect $190.4 $137.6 3.413 Total: $451.8 $342.8 5,335 Source: Anderson Economic Group analysis of base data from Fermilab, U.S. Bureau of Economic Analysis RIMS II Multipliers. a. Includes full-time permanent employees as well as fixed term, on-call. seasonal, and temporary employees. I a. How much of that total came from direct effects, and how much from indirect? b. What is the implied spending "multiplier" and does this value seem reasonable to you? Why or why not
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