Airport Economic Impact

Question 0

The economic significance of an airport is an important element in airport ___________ and ____________ planning.

Answer 0

master / system

Question 1

Besides transportation, what is the other main benefit to a geographic region provided by an airport?

Answer 1

Economic Impact

Question 2

___________ ___________ and ___________ ___________ can be combined to determine the viability of airport development projects.

Answer 2

Economic data / income projections

Question 3

1. How is economic activity generated by airport businesses or employees described?
2. …and economic activity that results from airport patrons utilizing services of nearby businesses or businesses choosing to locate close by?

Answer 3

1. Direct

2. Indirect

Question 4

The idea that every dollar spent generates additional income or revenue is known as what?

Answer 4

The multiplier effect.

This further enhances the economic impact of the airport

Question 5

What method, available through the Bureau of Economic Analysis, is often used for determining the multiplier effect?

Answer 5

RIMS II Model

Question 6

In using the RIMS II Model, regional inputs (___________) and outputs (___________) tables are used to determine the multiplier.

Answer 6

purchases / sales

Question 7

The multiplier is applied to a program’s primary impact to derive the ___________ impact. Adding the induced to the primary impact then determines an airport’s ____________ economic impact to a region.

Answer 7

induced / total

Question 8

What caution should be considered when using RIMS II?

Answer 8

RIMS II is based on 20 year old guidance, which may be inadequate in capturing today’s value of an airport to a community.

Question 9

Other benefits of an airport, such as added transportation options, time saved, business attraction, community pride, enjoyment, etc., are not so easily ____________ or _____________.

Answer 9

recognized / quantified