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Project contribute to the gdp of the illinois economy

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There are many unemployed workers in Illinois. CU Automotive Company develops a project that creates 50 new jobs for those unemployed workers in Illinois, without affecting the rest of the labor market. Assume that in the absence of the project, those workers would not have been able to find employment. In 2019, the project's sales are $6 million and its intermediate input purchases are $2 million. Assume that the intermediate input purchases are made entirely outside the state. How much does the project contribute to the GDP of the Illinois economy in 2019?

Reference no: EM132312377

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