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Answer to Question #68697 in Macroeconomics for Jennifer P.

Question #68697
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 $700 billion.)
Instructions: Enter your response rounded to one decimal place.
Expert's answer
opportunity cost of federal defense spending=700000000000/150000=4666666.7 new houses

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