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According to Alaskan state economist Mark Edwards, the multiplier effect of Alaska's trade with Japan is such that for every $1 billion exported from Alaska
According to Alaskan state economist Mark Edwards, the multiplier
effect of Alaska's trade with Japan is such that for every $1 billion
exported from Alaska to Japan another $600 million is added to the
state's economy.Matt Volz, "Trade Officials Hopeful for Japanese
Recovery," Associated Press and Local Wire, June 22, 2004, BC cycle.
Calculate the size of the export multiplier.
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