Question
The impact of the recession of 2009 was widely felt across America.One response that continues today is an effort to build local economies by thinking
The impact of the recession of 2009 was widely felt across America.One response that continues today is an effort to build local economies by thinking and spending locally.This decry has been heard in both large cities and small towns and has colored the shopping habits of a growing number of individuals even as post-recession relief set in.A national newspaper reported that if residents of New Orleans were to reallocated 10% of their spending to locally owned business, more than $200 million dollars would remain in the local economy.To meaningfully build local economies for the long haul, consumers as well as business owners must take the next step and produce more of what the community has imported over the years.
A:If reallocating 10% of their spending to locally owned business keeps more than $200 million dollars in the local economy, estimate the total amount of spending that New Orleans residents provide the entire economy (local, national, and global overall)
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