Problem

Economy stimulation. The government, through a subsidy program, distributes $5,000,000. If...

Economy stimulation. The government, through a subsidy program, distributes $5,000,000. If we assume that each person or agency spends 70% of what is received, and 70% of this is spent, and so on, how much total increase in spending results from this government action? (Let a 1 = $3,500,000.)

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