Problem

Economy stimulation. Due to reduced taxes, a person has an extra $1,200 in spendable incom...

Economy stimulation. Due to reduced taxes, a person has an extra $1,200 in spendable income. If we assume that the person spends 65% of this on consumer goods, and the producers of these goods in turn spend 65% on consumer goods, and that this process continues indefinitely, what is the total amount spent (to the nearest dollar) on consumer goods?

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