Volkswagen opened a large plant in Chattanooga, TN, in 2011. Within a few years, VW spurred more than 12,400 direct and indirect jobs in the area. The carmaker generates income of over $600 million there annually and boosts state and local tax revenues by over $50 million a year. A huge expansion was announced in 2016 that would nearly double its operations in Tennessee. This example best illustrates __________ change that has impacted the people and businesses of Chattanooga.

Question

Quizplus · Accepted Answer

The example illustrates an economic change, as it discusses job creation, income generation, and increased tax revenues resulting from Volkswagen's operations and expansion in Chattanooga.

Volkswagen Opened a Large Plant in Chattanooga, TN, in 2011