Answered: Which one is the level of demand for…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Which one is the level of demand for the attractions (general) (any) in uk? and which attraction in uk is the most demanded?

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Step 1: Demand for attractions

The demand for attractions in the UK has been significantly impacted by the COVID-19 pandemic. In 2021, an estimated 131.5 billion British pounds of the country’s gross domestic product was generated, directly and indirectly, by the travel and tourism sector. However, this figure remains way below pre-pandemic levels. The contribution of travel and tourism to the UK’s job market also experienced a decline as the sector accounted for nearly 4.3 million jobs in 2019 and 4.1 million in 2021.

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