In 2012, an estimated 7.8 million Mexican-born immigrants were employed in the United States. a. If 60 percent of the Mexican-born immigrants remitted money to family members in Mexico in 2012, and if they each sent $100 per month, how much money did they remit in total? b. If, instead, 100 percent of the Mexican-born immigrants remitted money to family members in Mexico in 2012, and if they each sent $250 per month, how much money did they remit in total? c. The actual amount remitted to Mexico in 2012 by Mexicanborn immigrants living in the United States was about $23 billion. If we assume that 75 percent of the Mexicanborn immigrants remitted money to Mexico that year and if we further assume that each of those immigrants remitted an equal amount each month, how much per month did each of those immigrants have to remit to total $23 billion for the year?

In 2012, an estimated 7.8 million Mexican-born immigrants were employed in the United States. a. If 60 percent of the Mexican-born immigrants remitted money to family members in Mexico in 2012, and if they each sent $100 per month, how much money did they remit in total? b. If, instead, 100 percent of the Mexican-born immigrants remitted money to family members in Mexico in 2012, and if they each sent $250 per month, how much money did they remit in total? c. The actual amount remitted to Mexico in 2012 by Mexicanborn immigrants living in the United States was about $23 billion. If we assume that 75 percent of the Mexicanborn immigrants remitted money to Mexico that year and if we further assume that each of those immigrants remitted an equal amount each month, how much per month did each of those immigrants have to remit to total $23 billion for the year?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter14: Money And Banking

Section: Chapter Questions

Problem 23AA

See similar textbooks

Similar questions

March is Women's History Month and March 8 is International Women's Day. On your own, find out about how this celebration got started. Next, use this website to learn about a woman in history whom you have not heard of before now. Without plagiarizing from the website--that is, use all your own words-- write us a short letter of about 100 words (Begin with Dear Friends in ENG 100 and Dr. Fisher:) to tell us about three facts about this woman and to describe, specifically, why you find her story remarkable and inspiring.
What are "in-kind" transfers? What would be an example? What are some criticisms made against in-kind transfers?
Let's say you are the Director of Marketing for an American-based electronics company. You import parts for your products and sell those products both in the US and to a worldwide market. Each morning you read the Wall Street Journal and recently you came across the following column. What does this mean for your business, and how do you capitalize on the situation? Dollar Falls After U.S. Inflation Data Weaker-than-expected Labor Department numbers dent expectations for U.S. interest-rate increases By Chelsey Dulaney Updated Aug. 11, 2017 5:34 p.m. ET The data is the latest in a string of weak inflation readings that investors worry will derail the Federal Reserve’s plans to raise interest rates again this year. Markets are now pricing in just a 36% chance of another rate increase this year, down from 47% a week ago, CME Group data shows. Expectations that rates will remain lower weigh on the dollar by making U.S. assets less attractive to yield-seeking investors. “Inflation…gives…
How does Worker-Tracking Wristband affect worker productivity?
how much a person or family earns in any given period is called
Is this possible or not that the rate of interest fall to zero? 300 words
NEWS WIRE NORTH KOREA'S ROCKETS DEEPEN FOOD CRISIS North Korea's Rocket Launches Cost $1.3 Billion North Korea's rocket program is costly. In December 2012 North Korea successfully launched a long-range rocket carrying a satellite into space. That feat cost $300 million. The entire cost of the rocket program last year - including the failed launch in April - totaled about $1.3 billion according to estimates by South Korea experts. With that much money North Korea could have purchased 4.6 million tons of corn - enough to feed its population for 4-5 years. North Korea's ambitious nuclear program costs nearly triple that amount. The burden of North Korea's military program is evident in widespread poverty and periodic starvation. Source: News accounts of December 2012 - January 2013. According to the News Wire, what is the opportunity cost of North Korea's rocket program in terms of corn for North Korea's 25 million people? million tons of corn
A married couple together earns 110,000 a year. The wife earns 16,000 less than twice what her husband earns. What does the husband earn.
Three coworkers work for the same employer. Their jobs are warehouse manager, office manager, and truck driver. The sum of the annual salaries of the warehouse manager and office manager is $82,000. The office manager makes $4,000 more than the truck driver annually. The annual salaries of the warehouse manager and the truck driver total $78,000. What is the annual salary of each of the co-workers?
why would expanding the nation's communication network be considered an increase in wealth, while improving the education of its people would not be considered an increase in wealth?
In excel only part d ASAP.
Some Americans feel that U.S.-based firms should not undertake FDI in other countries because it results in expanding business opportunities in those countries and does not benefit the United States. How may the data on PengAtlas Map 2.3 be used to refute that view?