Ford announces that it will add 2000 salaried jobs to its Canadian workforce this month. The average salary for the employees is 50,000 and the propensity to consume is 0.3 Assuming the money goes into the economy as one large injection of money at the beginning of the year, what will be the overall growth in Economic output for the year?

Principles of Economics 2e
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ISBN:9781947172364
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Chapter24: The Aggregate Demand/aggregate Supply Model
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Ford announces that it will add 2000 salaried jobs to its Canadian workforce this month.

The average salary for the employees is 50,000 and the propensity to consume is 0.3

Assuming the money goes into the economy as one large injection of money at the

beginning of the year, what will be the overall growth in Economic output for

the year?

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