FREE TMC Tourism Economics Questions and Answers

Question 1

A travel __________________________ is assumed to take place whenever a traveler exchanges money for an activity considered part of his/her trip.

Accepted Answer

Expenditure

Answer

Expense

Answer

Transaction

Answer

Sale

Question 2

Economic Impact is NOT represented by measure of:

Accepted Answer

If a traveler enjoyed a destination

Answer

Business receipts

Answer

Spending

Answer

Payroll

Question 3

Payroll includes sick leave pay.

Accepted Answer

TRUE

Answer

FALSE

Question 4

____________________________ includes corporate income, individual income, sales and gross receipts, and excise taxes by level of government.

Accepted Answer

Tax Revenues

Answer

Payroll

Answer

Tax Budget

Answer

Tax Toll

Question 5

TEIM stands for.........

Accepted Answer

Travel Economic Impact Model

Answer

Travel Economic Industry Movement

Answer

Travel Economic Industry Model

Answer

Travel Economic Impact Movement

Question 6

Total employment in TN supported by domestic and international traveler expenditures moderated to _______________.

Accepted Answer

278,400

Answer

120,600

Answer

230,800

Answer

297,800

Question 7

The job market in the U.S. has not been struggling.

Accepted Answer

FALSE

Answer

TRUE

Question 8

Travel-generated tax revenue is a significant economic benefit, as governments use these funds to support the travel _________________________ and help support a variety of public programs.

Accepted Answer

infrastructure/infrastructures

Answer

industries

Answer

services

Question 9

The nation's unemployment rate is ____________.

Accepted Answer

9.60%

Answer

8.80%

Answer

9.00%

Answer

12.00%

Question 10

In 2010, travelers spent ________________ in TN.

Accepted Answer

$14.1 Billion

Answer

$14.1 Million

Answer

$12.2 Million

Answer

$12.2 Billion