Questions:
- Claire, a local economist, has
determined that a local factory spends $0.8 million annually in the community,
which is then respent at a rate of 80%. What is the amount of the total economic
impact to the community?
Answer
- Claire decides to compare her community
with a nearby location that has a factory of similar size. In that community,
the factory spends $1.0 million annually with a respend rate of 75%. Which
community realizes the greatest impact?
Answer
- Another factory in Claire’s town
spends $0.95 annually with a respend rate of 75%. What’s the impact? You will
not be able to determine this answer using the interactive graph; rather,
you will have to estimate it.
Answer
- Changing the values in the interactive
application, what is the smallest economic impact that the graph will calculate
for you? Give the factory spend amount, respend rate, and total dollar impact
amount.
Answer
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