Economics: Principles, Problems, and Policies, 19th Edition

by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.

Published by McGraw-Hill Education

ISBN 10: 0073511447

ISBN 13: 978-0-07351-144-3

Chapter 22 - Immigration - Problems - Page 470: 4b

Answer

$23.4 billion

Work Step by Step

In this scenario, if all $7.8$ million Mexican-born immigrants remit money to family members and send ${$250}$/month, or $\$3000$/year, then they sent $7.8\times 3000=\$23.4$ billion to family members in Mexico.

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