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14 <br /> Aa The Economic Importance of Water in Kansas <br /> The third line of Table 2 estimates the induced losses sustained by the State of Kansas economy if GMD3's <br /> estimated reduction in total water availability holds true in CY2062.10 This is estimated at$3 billion GSP, <br /> approximately 48,000 jobs,and $1.7 billion labor income(2015$). <br /> The total impact of GMD3's estimated reduction in total water availability in the study areas in CY2062 <br /> for the State of Kansas economy is estimated at $18.3 billion GSP, almost 241,000 jobs, and $9.4 billion <br /> labor income (2015 $). To put this into perspective, an estimated 10.1% of the State of Kansas' annual <br /> GSP could be lost if GMD3's estimated reduction in total water availability for residents, businesses, <br /> industry, and agriculture located in the seven areas of study in CY2062 holds true. <br /> Table 3 estimates the total(that is, direct, indirect, and induced) economic losses for each of the study <br /> areas identified by GMD3. <br /> Table 3: Estimated Economic Losses by Area Associated with the Constrained Water Scenario for the <br /> State of Kansas in CY2062 <br /> GROSS STATE <br /> EMPLOYMENT LABOR INCOME <br /> GEOGRAPHY PRODUCT <br /> Job.Years Billions 2015$ <br /> Billions 2015$ <br /> Area 1 2.5 38,441 1.3 <br /> Area 2 1.4 20,116 0.7 <br /> Area 3 10.4 123,961 5.3 <br /> Area 4 2.6 36,842 1.4 <br /> Area 5 1.4 21,348 0.7 <br /> Area 6 - -Area 7 - - - <br /> Total Estimated Economic Losses 18.3 240,708 9.4 <br /> Source:Apparet Analytics <br /> Table 3 estimates that the study area affected the greatest in absolute terms by GMD3's shortfall in water <br /> availability in CY2062 is Area 3. This area consists of Finney, Ford, Grant, Gray, Hamilton, Haskell, Kearny, <br /> Meade, Morton,Seward,Stanton, and Stevens counties. Area 3's total economic losses are estimated at <br /> $10.4 billion GSP,approximately 124,000 jobs, and$5.3 billion labor income(2015 $). <br /> Areas 6 and 7 are not anticipated to experience any economic losses,as GMD3 estimates that their water <br /> availability in CY2062 will remain unchanged compared to 2012 (the base year for the economic <br /> modeling). <br /> 10 Induced effects occur when workers either directly or indirectly associated with the level of production spend their incomes in <br /> the local economy, when suppliers place upstream demands on other producers, and when governments spend new tax <br /> revenues. <br /> 8 <br /> Apparet Analytics 2015 <br />