The National Restaurant Association States That the Restaurant Industry Has

Multiple Choice

The National Restaurant Association states that the restaurant industry has an economic effect of more than $1.7 trillion annually in the United States,with every dollar spent in restaurants generating an estimated total of $2.05 in spending in the economy.This indicates that the spending multiplier for the restaurant industry is equal to

A) 1.21.
B) 1.70.
C) 2.05.
D) 4.25.