What evidence is needed before claiming tourism is Florida’s largest GDP sector? » Graduate U.S. Economy MCQ » MCQ Academy

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What evidence is needed before claiming tourism is Florida’s largest GDP sector?

Only the number of theme park tickets
A count of cruise passengers alone
BEA-compatible industry definitions and value-added estimates
A famous hotel advertisement

Only the number of theme park tickets
A count of cruise passengers alone
BEA-compatible industry definitions and value-added estimates
A famous hotel advertisement

Note

BEA-compatible industry definitions and value-added estimates is correct. Claims that Florida's tourist economy is its largest GDP contributor require a BEA-compatible industry definition and evidence.

A tourism estimate should specify whether it counts trips, expenditures, employment, or value added.

Tags: Florida Economy, Florida Facts

Note

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