Midterm Period Digital Learning Activity

This is an effect of tourism spending wherein the income of workers and business owners provided by tourism revenue is spent acquiring different goods and services.

• induced

• indirect

This is simplest form of how many times money spent by a tourist circulates through a country's economy.

• Tourism Multiplier effect

• Direct

This effect of tourism spending is experienced by the providers of tourist goods and services and generating income for various economic agents.

• Induced

• Direct

In 1930, this British economist introduced the concept of multiplier effect in economics

• Keynes

• Rusu

This Refers to a type of leakage where the resources collected by the government through direct and indirect taxes leave circulation, reducing the purchasing power of individuals and business.

• Imports

• Taxes

When the multiplier effect continues, its impact weakens and money eventually " leaks" from the economy.

• True

• False

There are three(3) types of leakages, axes, savings, and imports.

• TRUE

• False

The indirect effects of tourism spending can be observes when business owners receive profits, workers receive wages, and the government receives taxes levied on the sale of goods and services.

• TRUE

• FALSE

Due to the international nature of the tourism industry, along with the world becoming increasingly globalized by the most successful multinational corporations (MNCs), economic leakage is becoming more prevalent.

• TRUE

• FALSE

The revenue by outbound tourism flowing into a country, region, or location injects new resources into the economy.

• TRUE

• FALSE