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ECONOMIC IMPACT ASSIGNMENT Read Economic and Jobs Impact of Metrodome Now (linked in Blackboard) and answer the below questions. The economic impact study you read was commissioned by the Minnesota Vikings. The proposal was to replace the existing Metrodome with a new stadium. The cost of the project was estimated to be $975, with $348 million to be financed by the state of Minnesota and $150 million to be financed by the city of Minneapolis. 1. What is the difference between direct spending and total output? 2. What is the estimated direct spending, total output, personal earnings, and employment generated during the construction phase? Direct spending: _______________ Total output: _________________ Personal earnings: ________________ Employment: ________________ 3. List some examples of ongoing direct spending after the stadium is completed. 4. What is the estimated direct spending, total output, personal earnings, and employment generated from ongoing operations of the new stadium? Direct spending: _______________ Total output: _________________ Personal earnings: ________________ Employment: ________________ 5. List at least two examples of how the economic impact of the stadium was likely to be exaggerated.

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ECONOMIC IMPACT ASSIGNMENT

Read Economic and Jobs Impact of Metrodome Now (linked in Blackboard) and answer the below questions.

The economic impact study you read was commissioned by the Minnesota Vikings.  The proposal was to replace the existing Metrodome with a new stadium.  The cost of the project was estimated to be $975, with $348 million to be financed by the state of Minnesota and $150 million to be financed by the city of Minneapolis.

  1. What is the difference between direct spending and total output?
  • What is the estimated direct spending, total output, personal earnings, and employment generated during the construction phase?

Direct spending: _______________

Total output: _________________

Personal earnings: ________________

Employment: ________________

  • List some examples of ongoing direct spending after the stadium is completed.
  • What is the estimated direct spending, total output, personal earnings, and employment generated from ongoing operations of the new stadium?

Direct spending: _______________

Total output: _________________

Personal earnings: ________________

Employment: ________________

  • List at least two examples of how the economic impact of the stadium was likely to be exaggerated.
 
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