Economics 051
P. Conway
Class illustration:
Economic impact of an Atlanta Braves game
Characteristics of a night at the Braves' game:
- Average ticket price: $30.
- 30,000 in attendance, 10 percent from out of town.
- Each fan spends $10 on food and concessions at the park
- Out-of-towners drove to game, spending $20 for gas in Atlanta.
- 200 out-of-towners stayed at hotel, at $100/night.
Information pertinent to the circular flow of these expenditures:
- 75 percent of Braves' team expenditures are on goods and
services from outside Atlanta..
- Half of the out-of-towners came explicitly to see the Braves.
- 40 percent of value of food and concessions materials are
purchased locally.
- 25 percent of the income of gas stations is respent locally.
- 50 percent of hotel expenditures is on local goods and
services.