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Suppose a new major league baseball expansion team is moving to your town. It will inject spending worth $40 million into your local economy initially.

Suppose a new major league baseball expansion team is moving to your town. It will inject spending worth $40 million into your local economy initially. The Chamber of Commerce predicts that this will generate a total of $500 million in additional income for your town. However, the team owners think that this is an underestimate. What do we need to know to figure out who is right?

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