Homework SourseJavar smith got a job working for the federal government for
Javar smith got a job working for the federal government for $50,000 per year. This salary reportedly provided 1 additional job in the private sector. What is the job multiplier created by hiring Javar?
Javar smith got a job working for the federal government for $50,000 per year. This salary reportedly provided 1 additional job in the private sector. What is the job multiplier created by hiring Javar?
Solution
Solution: The multiplier created by hiring Javar equals 2 as the new job support 1 other jobs scattered throughout the rest of the economy, thus a total job multiplier of 2
