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_| Question 3: Measuring the Economic Contribution of Tourism {10 marksl

Question 3: Measuring the Economic Contribution of Tourism (10 marks)CJ Answer the following questions relating to the approaches used to estimate the economic contribution of tourism in Australia. a. b. c. d. e. f. g. Why do we need a Tourism Satellite Account instead of relying on National Accounts? (1 mark)CJ Give the values for the following indicators from the Tourism Satellite Account (TSA) data for 2019/20 and EXPLAIN what each means. (2 marksp Direct tourism GDP: Tourism share of GDP: Total tourism employed persons:e Tourism share of employed persons:e Explain why the percentage is different between Tourism share of GDP and Tourism share of employed persons. (1 mark)CJ What are the direct effects of tourism expenditure? Give an example. (1 mark) What are the indirect effects of tourism expenditure? Give an example. (1 mark)CJ What are the induced effects of tourism expenditure? Give an example. (1 mark)CJ If the direct contribution of tourism expenditure in Brisbane in 2018/2019 was $4.6 billion and the total contribution was $8.2 billion. Calculate an approximate simple multiplier for Brisbane. (1 mark) If the values for the Whitsundays region were $364 million direct and $586 million total, what would the multiplier for that region be? (1 mark) What is the most logical explanation for why these differ? (1 mark)CJ