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Suppose That Nationwide,approximately 91% of All Income Is Spent and 9

Question 3

Multiple Choice

Suppose that nationwide,approximately 91% of all income is spent and 9% is saved.What is the total amount of spending generated by a 55 billion dollar tax rebate if savings habits do not change?


A) $611 billion
B) $105 billion
C) $556 billion
D) $60 billion

Correct Answer:

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