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Calculate the size of the student spending multiplier

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The Addis Ababa Research calculated that students who attend Addis Ababa University spend about 5,520 Birr (Ethiopian currency) each in the local economy for a total of 50.45 million Birr (Ethiopian currency). In total, the impact of their spending on the local economy is 63 million Birr (Ethiopian currency). Calculate the size of the student spending multiplier.

Reference no: EM133081699

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