by C. Henry Adams
Question, what is a special event? Well, according to the City of Toronto in the Country of Canada, a special event is a sporting, cultural, business or other type of unique activity, occurring for a limited or fixed duration (one-time, annual) and presented to a live audience, that impacts.
Listed below are some examples of Special Events in the State of Georgia - United States of America:
1) Festival Peachtree Latino
2) Frederick Douglass High School Alumni Cookout
3) MWPHGLGA York Rite Cookout
4) Atlanta Braves Baseball Games
5) Atlanta Falcons Football Games
6) Road Atlanta (Motor Sports)
7) AJC Peachtree Road Race
8) Augusta Southern Nationals
9) Macon's ' International Cherry Blossom Festival '
10) Augusta National Golf Club and The Masters Tournament
So basically, a festival in your local city or town is a great precedent.
When people spend money at special events, they create expenditures which relates to part of creating GDP for that particular area whether it be in a community, town, city, county or state.
OK, so what does GDP stands for? In short, GDP acronym stands for Gross Domestic Product
This is a measurement of spending and the production of the products or services we purchase in the United States of America. Don't be fooled, the BEA (U.S. Bureau of Economic Analysis) is responsible for calculating and reporting the GDP.
To learn how they utilize the 7 Accounts NIPA ("National Income and Product Accounts") Primer, click here to download the PDF. http://bea.gov/NATIONAL/PDF/NIPA_PRIMER.PDF
As a Business Person, perhaps, if you asked a particular politician could they tell you the GDP for the distinct area to which the elected official serve and they could NOT give you an answer now or later following the conversation; that in itself should be a concern to you.
Well, these are my thoughts, what say you? Thanks for reading our blogs!
Sphere: Related Content
No comments:
Post a Comment
Write A Comment And Tell Us What You Think.