Answer to Question #4461 in Macroeconomics for Melanie Cox

Question #4461
If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of private housing? (Assume a defense budget of $600 billion.)
1
Expert's answer
2011-11-08T12:33:59-0500
600,000,000,000/150,000= 4,000,000 homes.

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