An economic impact study uses data to quantitatively estimate the economic benefits of a particular event or activity on a region is option A: a true statement.
The way in which an economy reacts to a primary change (direct effect) by the reinvestment of income from a value-added component.
Economic impact studies calculate the overall amount of money, employment, and household income added to an economy as a result of a new activity, such as the establishment of an event center or the expansion of a firm in the area.
Furthermore, An economic impact analysis calculates the economic advantages that a specific project or sector already provides or might provide for the neighborhood or region.
Hence, the Four criteria are commonly used to assess economic impact are: employment, household income, also economic output, and lastly value added.
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