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wrote...
Posts: 245
4 weeks ago
All of the following statements about multiplier effect are true EXCEPT which?

▸ Island countries have very quick leakage and, therefore, very low output multipliers.

▸ The multiplier effect occurs when some of the new money from the tourist is re-spent within the local economy.

▸ The multiplier effect is the sum of direct, indirect, and induced effects.

▸ Economic variables for which economists derive multiplier values do not include taxes and imports.
Textbook 

Tourism: The Business of Hospitality and Travel


Edition: 6th
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wrote...
Posts: 242
4 weeks ago
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Economic variables for which economists derive multiplier values do not include taxes and imports.
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wrote...
4 weeks ago
Smart ... Thanks!
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