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o v' tv '-" €J In order to simulate the impact on the economy of EET development, the leve Is of deve lopment spec Hied for base line and acce lerated EET scenarios were overlayed upon ROO. . ....fii]\e~ respectively, These runs of the model, labeled Roo_ll and ROO_A provide estimates of UCRll economic activity with EET development and may be compared directly with the reference runs R75 and ROO. MEASURING IMPACTS ASSOCIATED WITH THE SCENARIOS Basin Personal Income One concept often employed to measure the general activity level of a regional economy is regional personal income (regional income). Th is is defined as the sum of wages, salaries and returns to ownership ("rents") accruing to the individuals or households of a region over. the period of a year. While the focus of regional income is on the annual output of only one sector, households, it is a preferred measure of general activity because households are the final recipients of the factor payments made for regional resources. In a region such as the UCRB, where most personal income is attributable to factors of production which are located in the region, payments to households are a good surrogate for regional income. In this report, the sum of payments to the UCRB's household sector is treated as Basin personal income (Basin income). This is probably a conservative measure of Basin income because of the mode l' s treatment of the capital account: the capital needed to support the accelerated growth associated with the UCRll's development is treated as being raised outside the region. Therefore, returns to the capital investment are ultimately paid to households outside the UCRll. Since, however, most of the increased level of capital spending probably will be financed outside the Basin, this convention shouldn't significantly distort the relative value of Basin income as measured in th is report.