The nottinghamshire research observatory in england calculated that students who attend nottingham technical university spend about £2,760 each in the local economy for a total of £50.45 million. in total, the impact of their spending on the local economy is £63 million. calculate the size of the student spending multiplier.

total strength of the student = 1.24876

Explanation:

individual spend by student is 2,760 pound

total spending = 50.45 million

therefore total student strength is

here this total strength f student act as multiplier.To get total impact multiplier which is constant value is multiplied by total spending..

in the question, total Impact is greater than total spending. Thus:

total strength of the student = 1.24876

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