IV-204 



not included, for 1n none of the four cases were both expenditures 

 per participant and the numbers of participants known. Also it was 

 not possible to derive adequate estimates of the value the Bay 

 contributes to the people of Rhode Island through its effect on 

 environmental quality. This includes air temperature modification, 

 open scenic space, and open space for low land aircraft approach and 

 takeoff. These features, which have been omitted from the calculations, 

 are unquestionably very valuable. 



Spending generates income and further spending. Multipliers 

 developed in an earlier study have been used to estimate the extent 

 to which the $346 million primary expenditure generates further 

 economic activity and personal income in the area. It is estimated 

 that primary expenditures generate a total transaction of $826,466,898 

 of which over $372 million is personal income in the form of waqes, 

 salaries, profit, interest and rent. The latter figure may also be 

 thought of as the local value added. The total transactions generated 

 are about 23 percent of the Gross State Product for Rhode Island 

 which was estimated at about $3.5 billion in 1964. The $372 million 

 personal income is about 13 percent of total personal income in the 

 State in 1967 which was estimated at $2.9 billion. 



Narragansett Bay gives an example of an estuarine-oriented economy 

 which has grown up in an unorganized fashion as economic and social 

 pressures dictated. The major contributing monetary factor is the 



