Sum of first sequences calculator9/25/2023 ![]() ![]() What is the total effect of the rebate on the economy?Įvery time money goes into the economy, \(80\)% of it is spent and is then in the economy to be spent. The result is called the multiplier effect. The businesses and individuals who benefited from that \(80\)% will then spend \(80\)% of what they received and so on. The government statistics say that each household will spend \(80\)% of the rebate in goods and services. The government has decided to give a $\(1,000\) tax rebate to each household in order to stimulate the economy. The number multiplied (or divided) at each stage of a geometric sequence is known as a common ratio.\) as we are not adding a finite number of terms.
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