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Home Q & A Board Humanities Art and Culture Travel and Tourism
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dupoyjohn134 dupoyjohn134
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4 years 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

Tourism: The Business of Hospitality and Travel


Edition: 6th
Authors:
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Antoinette12Antoinette12
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dupoyjohn134 Author
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4 years ago
Smart ... Thanks!
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