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The average budget for a movie is $ 7 0 million but our consultants estimate that this will have broader ripple effects across many industries
"The average budget for a movie is $ million but our consultants estimate that this will have broader ripple effects across many industries and will boost state output by about $ million dollars."
a What multiplier is the governor's office using to come to this conclusion?
b Select the reasons that this multiplier may be unrealistic in this scenario.
Consumers spending more on movies means less spending on other forms of entertainment.
They didn't discuss supply with the multiplier.
Spending may actually spill across state borders instead of staying in your state.
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