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The Economic Impact Of The Olympic Games

The Economic Impact Of The Olympic Games

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Title: The Economic Impact Of The Olympic Games

Essay Details:

Subject: Business

Author: Gregory H

Date: January 25, 2014

Level: University

Grade: A

Length: 4 / 1125

Essay text:

Over the last five years, growth in Australia's gross domestic product has averaged 4.35%, almost a full point above it's thirty year annual average of 3.5%, and the unemployment rate is near a ten year low. According to one estimate, the Olympics will tack on an additional six and a half billion dollars, about 1.6% of the GDP, to Australia's GDP over the 1994-2000 period. A natural question to ask is if this growth is due primarily to the Olympic preparation, or if, instead, it is a result of some other change in policy, or perhaps just plain old luck. One way to address this question is to see if other host countries have experienced increases in GDP around Olympic years...

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