Question: 3 3 . A city with a 1 . 2 5 multiplier effect receives 5 0 Million visitors in total ( both domestic and international
A city with a multiplier effect receives Million visitors in total both domestic and international each tourist spending on average USD within the city. Using the simple economic impact formula Economic impact Number of Tourists Average Spending per Visitor Multiplier we calculate the economic impact of tourism for this city. Which of the following is the correct result of this calculation?
Group of answer choices
Depends on the currency of the visitors
Billion USD
Billion USD
Billion USD
We cannot determine
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