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<br /> <br /> <br />1 <br /> <br /> <br />?J <br /> <br />1 <br /> <br />1 <br /> <br />1 <br /> <br /> <br /> <br /> <br />percent. The significant decreases in these two sectors are tempered, however, by the small role <br />each of them plays in the regional economy. The larger sectors of the economy, including <br />services, mining, and manufacturing, largely temper the impacts felt in agriculture and <br />construction. None of these sectors show output decreases under the WF scenario of more then <br />four-tenths of one percent in any period. As a result, total output declines by only 1.3 percent by <br />the year 2040. <br />While comparisons of undiscounted figures such as those reported in Tables 6-B-1 through 6-B-4 <br />have some intuitive appeal, for evaluating economic impacts one must consider the discounted <br />values reported in Table 6-13-5. Net present values are reported for discount rates of 0,3,5, and <br />10 percent. Annualized values, which are the sum incremental impacts in each year divided by <br />the number of years in the study are reported as well. For the remainder of this report, net <br />present value is determined on the basis of a discount rate of 3 percent. <br />The present value of the output reduction for the region under WF for listing and critical habitat <br />is -$637 million, or -0.79 percent at a 3 percent rate of discount. This represents a deviation of <br />eight tenths of one percent from the WOFBA scenario. Under the WF scenario, on average 530 <br />fewer jobs are projected to be created each year as a result of fish protection measures. <br />Although this number seems large, it represents a deviation of only eight-tenths of one percent <br />from the WOFBA scenario. <br />44 <br />