Economic Impact Of The Travel And Tourism Industry
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_____________ service is the largest domestic travel spending sector in TN.
About This Quiz
Explore the economic significance of the travel and tourism sector through this quiz. Assess key concepts like travel, tourism, expenditures, and tax revenues, understanding their contributions to economic development. Ideal for learners interested in economics and tourism industry insights.
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- 2.
____________________________ -all travel away from home or personal or pleasure travel.
Explanation
Tourism refers to all travel away from home or personal or pleasure travel. This means that tourism encompasses any type of travel that is not related to work or business purposes. It includes activities such as visiting new places, exploring different cultures, and engaging in recreational activities. Therefore, the given answer accurately defines tourism as all travel away from home or personal or pleasure travel.Rate this question:
- 3.
Travel industry is responsible for 1 out of every ____ new jobs.
Explanation
The travel industry is responsible for creating one out of every nine new jobs. This indicates that the travel industry has a significant impact on employment, with a high number of job opportunities being generated within this sector.Rate this question:
- 4.
____________________________ - activities associated with all overnight trips away from home in paid accommodations and day or over night trips or places 50 miles or more, one way from the traveler's origin.
Explanation
The given answer "travel" correctly explains that the activities mentioned in the question are associated with all overnight trips away from home in paid accommodations and day or overnight trips to places 50 miles or more, one way from the traveler's origin. The word "travel" encompasses all these activities and is a suitable answer.Rate this question:
- 5.
Strategies to generate travel dollars are changing because tourists are using Internet tools such as _________________.
Explanation
Tourists are using Internet tools such as Twitter to generate travel dollars. This suggests that Twitter is being utilized as a platform for tourists to find opportunities to earn money for their travels. It implies that strategies for generating travel dollars have evolved to include social media platforms like Twitter, which provide opportunities for tourists to earn money through various means such as sponsored posts, affiliate marketing, or crowdfunding.Rate this question:
- 6.
___________________________ - a tax that is measured by the amount of business done (not on property or income from real estate).
Explanation
An excise tax is a type of tax that is based on the amount of business activity rather than on property or income from real estate. This means that the tax is levied on specific goods or services, such as alcohol, tobacco, or gasoline, rather than on the overall income or property of an individual or business. Excise taxes are often used to regulate or discourage the consumption of certain goods or to fund specific government programs or initiatives.Rate this question:
- 7.
______________________________ - the state's tourism commissioner.
- 8.
In Dec.2009 77,000 jobs were added to the Travel and Tourism industry.
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True
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False
Correct Answer
A. TrueExplanation
In December 2009, the Travel and Tourism industry experienced a growth of 77,000 jobs. This suggests that there was a positive impact on employment within this industry during that period.Rate this question:
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- 9.
__________________________ - financial resource; funds
Correct Answer
coffer, coffersExplanation
The word "coffer" refers to a financial resource or funds. It can also be used in its plural form, "coffers." This term is often used to describe a reserve of money or financial reserves that are available for a particular purpose. It is commonly used in the context of government budgets or organizational finances, indicating the amount of money that is available for spending or investment.Rate this question:
- 10.
The job market in the U.S. has not been struggling.
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True
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False
Correct Answer
A. FalseExplanation
The statement suggests that the job market in the U.S. has been struggling. This means that there have been difficulties or challenges in finding employment or maintaining a stable job in the country. Therefore, the correct answer is False, indicating that the job market in the U.S. has indeed been struggling.Rate this question:
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- 11.
The food service accounts for 1/3 of the state's total domestic expenditures.
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True
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False
Correct Answer
A. TrueExplanation
The given statement suggests that the food service industry contributes significantly to the state's total domestic expenditures, accounting for one-third of it. This implies that a substantial amount of money is spent on food services within the state, indicating the industry's economic importance and the consumption patterns of the population. Therefore, the answer is true.Rate this question:
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- 12.
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.
Correct Answer
infrastructure, infrastructuresExplanation
Travel-generated tax revenue is a significant economic benefit as it provides governments with funds to support the development and maintenance of travel infrastructure. These funds can be used to build and improve roads, airports, and other transportation systems, which in turn, facilitates the movement of people and goods. Additionally, the revenue generated from travel taxes can also be allocated to support various public programs such as education, healthcare, and social welfare. Therefore, travel-generated tax revenue plays a crucial role in promoting economic growth and enhancing the overall quality of life for citizens.Rate this question:
- 13.
Payroll includes sick leave pay.
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True
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False
Correct Answer
A. TrueExplanation
Sick leave pay is a type of payment that is included in an employee's payroll. It is a benefit provided to employees to compensate for the time they are unable to work due to illness. Therefore, it is correct to say that payroll includes sick leave pay.Rate this question:
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- 14.
Economic Impact is NOT represented by measure of:
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Business receipts
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Spending
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Payroll
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If a traveler enjoyed a destination
Correct Answer
A. If a traveler enjoyed a destinationExplanation
The measure of whether a traveler enjoyed a destination does not represent the economic impact. Economic impact is typically measured by factors such as business receipts, spending, and payroll, which directly contribute to the local economy. While the enjoyment of a traveler may indirectly contribute to the economic impact by potentially encouraging repeat visits or positive word-of-mouth, it is not a direct measure of the economic impact itself.Rate this question:
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- 15.
The nation's unemployment rate is ____________.
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8.8%
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9.0%
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9.6%
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12.0%
Correct Answer
A. 9.6%Explanation
The correct answer is 9.6%. This indicates that the percentage of unemployed individuals in the nation is 9.6%.Rate this question:
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- 16.
A travel __________________________ is assumed to take place whenever a traveler exchanges money for an activity considered part of his/her trip.
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Expense
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Expenditure
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Transaction
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Sale
Correct Answer
A. ExpenditureExplanation
In this context, an expenditure refers to the act of spending money on an activity that is considered part of a traveler's trip. This could include expenses such as accommodation, transportation, meals, and other related costs. Therefore, the correct answer is "expenditure".Rate this question:
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- 17.
The state of Tennessee has a $____________________ Marketing Budget.
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1.2 Million
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3.4 Million
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6.4 Million
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8.8 Million
Correct Answer
A. 6.4 MillionExplanation
The state of Tennessee has a marketing budget of 6.4 million dollars.Rate this question:
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- 18.
In 2010, travelers spent ________________ in TN.
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$14.1 Million
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$14.1 Billion
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$12.2 Million
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$12.2 Billion
Correct Answer
A. $14.1 BillionExplanation
In 2010, travelers spent $14.1 billion in TN. This indicates that the total amount of money spent by travelers in the state during that year was $14.1 billion.Rate this question:
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- 19.
TEIM stands for.........
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Travel Economic Industry Movement
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Travel Economic Industry Model
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Travel Economic Impact Movement
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Travel Economic Impact Model
Correct Answer
A. Travel Economic Impact ModelExplanation
TEIM stands for Travel Economic Impact Model. This model is used to assess and analyze the economic impact of travel and tourism on a particular destination or region. It takes into account various factors such as visitor spending, employment generation, and tax revenues generated by the travel industry. The model helps policymakers, businesses, and researchers understand the economic benefits and contributions of the travel sector, allowing them to make informed decisions and develop strategies to maximize the positive impact of tourism on the economy.Rate this question:
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- 20.
Each dollar spent by domestic travelers in Tennessee produced _________ cents for federal tax coffers.
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10.5
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12.9
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15.8
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9.8
Correct Answer
A. 12.9Explanation
Each dollar spent by domestic travelers in Tennessee produced 12.9 cents for federal tax coffers. This indicates that Tennessee's tourism industry contributes significantly to federal tax revenue. The higher the amount generated for federal taxes, the more beneficial it is for the government to support and promote tourism in Tennessee.Rate this question:
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- 21.
Total employment in TN supported by domestic and international traveler expenditures moderated to _______________.
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120,600
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230,800
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278,400
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297,800
Correct Answer
A. 278,400Explanation
The correct answer is 278,400. This means that the total employment in Tennessee supported by both domestic and international traveler expenditures has been moderated or adjusted to this specific number.Rate this question:
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- 22.
____________________________ includes corporate income, individual income, sales and gross receipts, and excise taxes by level of government.
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Payroll
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Tax Revenues
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Tax Budget
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Tax Toll
Correct Answer
A. Tax RevenuesExplanation
Tax revenues include corporate income, individual income, sales and gross receipts, and excise taxes by level of government. This refers to the total amount of money collected by the government through various forms of taxation. It encompasses the taxes paid by individuals, businesses, and other entities, and is an important source of funding for government operations and public services.Rate this question:
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Current Version
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Mar 19, 2023Quiz Edited by
ProProfs Editorial Team -
Nov 07, 2011Quiz Created by
Shannon Lazek
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