Business, 11.03.2020 17:56 maritzamartinnez
Suppose that in a country, 40 40 % of all income the people receive is spent, and 60 60 % is saved. If saving habits do not change and continue indefinitely, what is the total amount of spending generated in the long run by a 35 35 billion dollar tax rebate which is given to the country's citizens to stimulate the economy? NOTE: Include the entire government tax rebate as part of the total spending. First find the largest terms of the infinite series, then find the total amount of spending. Enter the four largest terms of the infinite series in order from larger to smaller as numbers.
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Suppose that in a country, 40 40 % of all income the people receive is spent, and 60 60 % is saved....
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