Economic Growth, Community Development, and GDP (Grade 12 NSC Matric Tourism): Flashcards
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Economic growth definition
Economic growth definition
Increase in total value of goods & services a country produces
GDP meaning
GDP meaning
Total value of all goods & services produced in a country per year
Tourism's % contribution to SA's GDP
Tourism's % contribution to SA's GDP
Approximately 3-4% of South Africa's total GDP
GDP calculation formula
GDP calculation formula
Consumer Spending + Investment + Govt Spending + Exports - Imports
Community development in tourism
Community development in tourism
Empowering locals to improve lives & have say in decisions
Examples of direct tourism jobs
Examples of direct tourism jobs
Hotel staff, tour guides, restaurant workers
Examples of indirect tourism jobs
Examples of indirect tourism jobs
Suppliers, transport providers, craft producers
Foreign exchange from tourism
Foreign exchange from tourism
International visitors bring foreign currency into the country
Tourism's indirect GDP contributions (sectors)
Tourism's indirect GDP contributions (sectors)
Agriculture, construction, retail, entertainment
Cultural preservation through tourism benefit
Cultural preservation through tourism benefit
Local traditions become valuable tourism assets worth protecting