Write a paper on Transportation Spending and Multiplier Effects using APA format. The paper should have the following:
1. Title page
6. Reference page
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Abstract: Keynesian economics relies on infrastructure spending to produce a multiplier effect on local and state economies. During the Great Depression, massive infrastructure projects paid for themselves and provided significant financial benefits (Leduc & Wilson, 2012). President Eisenhower followed a similar principle when proposing the Interstate road system to connect city economies and improve interstate commerce. Sinha and Labi (2007, p. 229) state evidence from the U.S. Department of Transportation (DOT) that for every $1 billion spent on roads and highways, the country earns $2 billion back, creating an economic multiplier of 2. Wilson (2012) notes that the DOT received $48 billion in funding from the recent American Recovery and Reinvestment Act of 2009 (ARRA), also commonly known as the stimulus package. Of the $48 billion received by the DOT, Wilson (2012) also estimates that each transportation infrastructure job cost approximately $125,000, indicating that the stimulus saved or created 384,000 jobs in this sector....
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