Q1. Instead of relying on the National Accounts, why do we need a Tourism Satellite Account to measure the economic contribution of tourism?

(TSA data:

https://www.abs.gov.au/statistics/economy/national-accounts/australian-national-accounts-tourism-satellite-account/latest-release#data-download)

Q2. Briefly describe the term 'indirect effects of tourism expenditure'. Give an example.

Q3. The statistical agency of an economy produces the following estimations for each of the below measures that are relevant for the simple Keynesian multiplier.

Saving ratio = 5%

Imports ratio = 8%

Tax revenue as a percentage of GDP = 7%

Suppose government expenditure increases by $12,000,000.

Calculate what will be the total value of the economic activity created from this increase in government spending. Display your workings.