The Nottinghamshire Research Observatory in England calculated that students who at- tend Nottingham Technical University spend...
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The Nottinghamshire Research Observatory in England calculated that students who at- tend Nottingham Technical 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. The Nottinghamshire Research Observatory in England calculated that students who at- tend Nottingham Technical 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.
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Answer rating: 100% (QA)
According to Rittenberg and Tregarthen 2009 the multiplier is ... View the full answer
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Elementary Statistics A step by step approach
ISBN: 978-0073386102
8th edition
Authors: Allan Bluman
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