Economist speak about the "multiplier,"the rate with which tourist dollars spread across a community providing benefits to residents not directly servicing the guests.

Question

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The multiplier effect in economics refers to the phenomenon where an initial injection of spending (such as tourist dollars) leads to increased income and consumption, thereby benefiting various sectors of the economy, including those not directly involved in servicing the initial spending. This effect helps spread the economic benefits throughout the community.

Economist Speak About the "Multiplier,"the Rate with Which Tourist Dollars