Multiplier Effect The total annual spending by tourists in a resort city is $200
Chapter 9, Problem 73(choose chapter or problem)
Multiplier Effect The total annual spending by tourists in a resort city is $200 million. Approximately 75% of that revenue is again spent in the resort city, and of that amount approximately 75% is again spent in the same city, and so on. Write the geometric series that gives the total amount of spending generated by the $200 million and find the sum of the series.
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