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The Economic Effects of High Speed Rail Investment

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Inflation changes the number of jobs supported per $ 1 billion of spending on public transportation. Consequently, over time, more dollars are needed to accomplish the same public transportation investment. Other economic impacts are associated with the job impacts. Corresponding to the 36,000 jobs is approximately $3.6 billion of added business output (sales volume), which provides $1.8 billion of GDP (gross domestic product, or “value added”) -- including $1.6 billion of worker income and $0.2 billion of corporate income. This additional economic activity generates nearly $500 million in federal, state and local tax revenues. [Note: these figures...
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The Economic Effects of High Speed Rail Investment

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