For most of the last two decades of the previous century the economy of the city of Liverpool was mostly stagnant and far behind that of the rest of the UK. But as other cities have become more expensive, Liverpool has become a more popular place in which to invest and live. Liverpools population dropped from 800,000 after the war to less than 500,000 at the turn of the century. The process of depopulation has now reduced to a trickle and for the first time in decades the working population has grown. The level of unemployment, which once stood at 20 per cent, is down to under 5 per cent. Construction of office space is booming and currently being built are conference complexes, a series of department stores and two 50-floor tower blocks. It is not surprising, therefore, that the working population is expected to grow further still. Low living and housing costs have attracted many public sector organizations to relocate to the city. Forty per cent of the workforce of Liverpool work in this sector and it seems that this trend will continue as over half of the new jobs created are public appointments. Subsidy has played a significant part in attracting jobs and investment. Over 4 billion has been spent in the regeneration of the region and the lions share of this has been committed to the city of Liverpool itself.
Question: Without the subsidy fewer jobs would have been attracted to the region.
Options:
A. true
B. false
C. uncertain
Answer: A