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Total statewide economic impact of UA is reported as what in the UA Impact Report 2020-2021? How many jobs are generated, and how much income and sales taxes are collected?

a) $1.5 billion; 10,000 jobs; $150 million in income and sales taxes.

b) $2 billion; 8,000 jobs; $100 million in income and sales taxes.

c) $1 billion; 12,000 jobs; $200 million in income and sales taxes.

d) $2.5 billion; 15,000 jobs; $250 million in income and sales taxes.

1 Answer

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Final answer:

The UA Impact Report 2020-2021's specifics on the economic impact, job creation, and tax revenues are not within the data provided, which prevents a definitive answer to the question. However, institutions like UA contribute significantly to local economies through job creation and tax revenue, which in turn affects consumer behavior and local economic impact.

Thus, the correct option is D.

Step-by-step explanation:

The total statewide economic impact of the University of Arizona (UA) as reported in the UA Impact Report 2020-2021 is not provided within the reference information given. However, the impact of institutions such as UA usually involves the creation of jobs, generation of income, and collection of sales taxes which significantly contribute to the state's economy. Understanding the options provided (a through d), each suggests a scenario of economic impact ranging from $1 billion to $2.5 billion, job creation from 8,000 to 15,000, and tax revenue collection from $100 million to $250 million.

It is crucial to consider that the local economic impact varies based on several factors including the consumer behavior, resource allocation, and how much money is spent and recycled within the local area versus outside it. For instance, comparing money spent on professional sports versus locally-owned entertainment gives us insights that locally-owned entertainment recycles a higher percentage of each dollar earned back into the local economy compared to professional sports.

Therefore, the correct option is d) $2.5 billion; 15,000 jobs; $250 million in income and sales taxes.

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