The Role of U.S. Airports in the National Economy (2015) / Chapter Skim
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Pages 40-43
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From page 40... ...
40 C H A P T E R 6 Consumer surplus is defined as the difference between what consumers are willing to pay for a good or service and what they actually pay. In the context of air service, the difference in willingness to pay for air service and what is actually spent leaves money in households' "wallets," and is available to be spent in the general economy on non- aviation goods and services.
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41 The research team estimated the number of air passengers by analyzing a representative sample of domestic and international airport-pair markets (See Appendix 2A)
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42 transportation services is the subtraction of 7.2 jobs (from non-air services household spending) and the addition of 2.7 jobs generated by the purchase of air transportation services, which is a net -4.5 direct jobs.
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From page 43... ...
43 Table 27. The economic impact of consumer surplus equals (A)
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