Repeat Example 7 with a tax rebate of $2,000.

Data from Example 7

The government has decided on a tax rebate program to stimulate the economy. Suppose that you receive $1,200 and you spend 80% of this, and each of the people who receive what you spend also spend 80% of what they receive, and this process continues without end. According to the multiplier principle in economics, the effect of your $1,200 tax rebate on the economy is multiplied many times. What is the total amount spent if the process continues as indicated?