Consider a hotel in Krems whose yearly gross value-added (GVA) equals 1 million euros. The following services are not produced by the hotel but outsourced to other Lower Austria companies: -Linen cleaning, whose services for that hotel amount to 100.000 euros in terms of GVA -Advertisement, whose services for that hotel amount to 50.000 euros in terms of GVA In addition, the hotel needs the following inputs: -Food and beverages, for which it pays 300.000 euros, of which 200.000 euros are produced in Lower Austria, 50.000 euros in the rest of Austria and 50.000 abroad. -Energy, for which it pays 100.000 euros, of which 50.000 euros are produced in Upper Austria, of which 25.000 euros imports are needed, the rest is directly imported from abroad. Calculate direct and indirect GVA impact of Lower Austria and Austria.
Consider a hotel in Krems whose yearly gross value-added (GVA) equals 1 million euros. The following services are not produced by the hotel but outsourced to other Lower Austria companies:
-Linen cleaning, whose services for that hotel amount to 100.000 euros in terms of GVA
-Advertisement, whose services for that hotel amount to 50.000 euros in terms of GVA In addition, the hotel needs the following inputs:
-Food and beverages, for which it pays 300.000 euros, of which 200.000 euros are produced in Lower Austria, 50.000 euros in the rest of Austria and 50.000 abroad.
-Energy, for which it pays 100.000 euros, of which 50.000 euros are produced in Upper Austria, of which 25.000 euros imports are needed, the rest is directly imported from abroad.
Calculate direct and indirect GVA impact of Lower Austria and Austria.
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