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Sometimes a City Will Argue That Having a Professional Sports

question 8

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Sometimes a city will argue that having a professional sports franchise in the city will contribute to economic growth. The rationale for this statement is based on the multiplier effect. Suppose a city estimates that a professional sports franchise will create $45 million of additional income and that a person receiving a portion of this money will spend 80% and save 20%. Assuming the multiplier effect model is accurate, what is the net effect of the $45 million? Round to the nearest hundred thousand.

Evaluate stress management plans and propose improvements.
Discuss the relationship between stress, stressors, and individual differences in stress response.
Understand the principles underlying effective training scenarios and the impact of stimulus variability.
Identify factors that contribute to or hinder the transfer of training, including trainee characteristics and organizational support.

Definitions:

Deductible

An amount of any loss that is to be paid by the insured.

Inflationary Times

Periods characterized by a general increase in prices and fall in the purchasing value of money.

Insurance Policies

Contracts between an insurer and a policyholder, outlining the terms under which the insurer agrees to pay a benefit upon the occurrence of a specified risk or event.

Bank Interest Rates

The percentage at which interest is paid by a borrower for the use of money that they borrow from a bank.

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