Problem 9: Economic impact studies typically report that a specific economic development, for example, a new manufacturing plant, a new sports stadium, or an expanded workforce will generate specific numbers of new jobs, additional income, and additional tax payments.Based on this notion, a Hampton Roads City gave a proposed new fast food chicken outlet more than $200,000 to opensite in that city.The fast food chicken outlet did hire about 20 individuals (perhaps equating to 5 FTE) and all of them earned a salary.Both they and the fast food outlet paid taxes.The city used this as evidence that the subsidy was justified.(a) Where did the restaurant get the money to hire and pay its employees?(b) Geographically, where did the customers for this restaurant likely come from?(c) How do your answers to (a) and (b) determine whether or not this city's subsidy to the restaurant was a good investment for that city?