In a given year, an estimated 7.8 million Mexican-born immigrants were employed in the United States. a. If 70 percent of the Mexican-born immigrants remitted money to family members in Mexico in the same year, and if they each sent $200 per month, how much money did they remit in total for the year? Instructions: Enter your answer rounded to 3 decimal places. billion b. If, instead, 100 percent of the Mexican-born immigrants remitted money to family members in Mexico in that year, and if they each sent $430 per month, how much money did they remit in total for the year? Instructions: Enter your answer rounded to 1 decimal place. | billion c. The actual amount remitted to Mexico in that year by Mexican-born immigrants living in the United States was about $25 billion. If we assume that 65 percent of the Mexican-born immigrants remitted money to Mexico that year and if we further assume that each of those immigrants remitted an equal amount each month, how much per month did each of those immigrants have to remit to total $25 billion for the year? (Do not round your intermediate calculations when computing your answer.) Instructions: Enter your answer rounded to 2 decimal places. billion %24

In a given year, an estimated 7.8 million Mexican-born immigrants were employed in the United States. a. If 70 percent of the Mexican-born immigrants remitted money to family members in Mexico in the same year, and if they each sent $200 per month, how much money did they remit in total for the year? Instructions: Enter your answer rounded to 3 decimal places. billion b. If, instead, 100 percent of the Mexican-born immigrants remitted money to family members in Mexico in that year, and if they each sent $430 per month, how much money did they remit in total for the year? Instructions: Enter your answer rounded to 1 decimal place. | billion c. The actual amount remitted to Mexico in that year by Mexican-born immigrants living in the United States was about $25 billion. If we assume that 65 percent of the Mexican-born immigrants remitted money to Mexico that year and if we further assume that each of those immigrants remitted an equal amount each month, how much per month did each of those immigrants have to remit to total $25 billion for the year? (Do not round your intermediate calculations when computing your answer.) Instructions: Enter your answer rounded to 2 decimal places. billion %24

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In a given year, an estimated 7.8 million Mexican-born immigrants were employed in the United States.
a. If 70 percent of the Mexican-born immigrants remitted money to family members in Mexico in the same year, and if they each sent
$200 per month, how much money did they remit in total for the year?
Instructions: Enter your answer rounded to 3 decimal places.
billion
b. If, instead, 100 percent of the Mexican-born immigrants remitted money to family members in Mexico in that year, and if they each
sent $430 per month, how much money did they remit in total for the year?
Instructions: Enter your answer rounded to 1 decimal place.
$
billion
c. The actual amount remitted to Mexico in that year by Mexican-born immigrants living in the United States was about $25 billion. If
we assume that 65 percent of the Mexican-born immigrants remitted money to Mexico that year and if we further assume that each of
those immigrants remitted an equal amount each month, how much per month did each of those immigrants have to remit to total $25
billion for the year? (Do not round your intermediate calculations when computing your answer.)
Instructions: Enter your answer rounded to 2 decimal places.
$
billion

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