Question
As an economic impact analyst, you surveyed the Mullins Center attendees during Game 1 of the last Hockey East playoff series. There were 2,250 total
As an economic impact analyst, you surveyed the Mullins Center attendees during Game 1 of the last Hockey East playoff series. There were 2,250 total incremental visitors who came to the game. Their consumption basket looked like:
Consumption Category | Amount Spent |
UMass Hockey Tickets | $25 |
Transportation (rental car, gas, Uber, etc.) | $15 |
Food/Beverage at the Mullins Center | $20 |
Downtown Amherst Restaurants and Bars | $50 |
Merchandise | $15 |
Other | $30 |
With the following set of output multipliers, calculate the comprehensive economic impact of Game 1 of the Hockey East playoff series. Some multiplier categories might have more than one line-item of consumption spending associated with them. Make sure to account for all spending, and provide a figure for the total economic impact.
Category | Multiplier |
Transportation | 1.63 |
Entertainment | 1.75 |
Food and Beverage | 1.62 |
Retail | 1.63 |
Miscellaneous | 1.50 |
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