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28 Sep 2019
Consider how each of the following events is likely to affect realGDP? Do you think the change in real GDP reflects a similar changein economic well-being?
a. A hurricane in Florida forces Disney World to shut down for amonth.
b. The discovery of a new, easy-to-grow strain of wheat increasesfarm harvests.
c. Increased hostility between unions and management sparks a rashof strikes.
d. Firms throughout the economy experience falling demand, causingthem to lay off workers.
e. Congress passes new environmental laws that prohibit firms fromusing productions methods that emit large quantities ofpollution.
f. More high-school students drop out of school to take jobs mowinglawns.
g. Fathers around the country reduce their work-weeks to spend moretime with their children.
Consider how each of the following events is likely to affect realGDP? Do you think the change in real GDP reflects a similar changein economic well-being?
a. A hurricane in Florida forces Disney World to shut down for amonth.
b. The discovery of a new, easy-to-grow strain of wheat increasesfarm harvests.
c. Increased hostility between unions and management sparks a rashof strikes.
d. Firms throughout the economy experience falling demand, causingthem to lay off workers.
e. Congress passes new environmental laws that prohibit firms fromusing productions methods that emit large quantities ofpollution.
f. More high-school students drop out of school to take jobs mowinglawns.
g. Fathers around the country reduce their work-weeks to spend moretime with their children.
a. A hurricane in Florida forces Disney World to shut down for amonth.
b. The discovery of a new, easy-to-grow strain of wheat increasesfarm harvests.
c. Increased hostility between unions and management sparks a rashof strikes.
d. Firms throughout the economy experience falling demand, causingthem to lay off workers.
e. Congress passes new environmental laws that prohibit firms fromusing productions methods that emit large quantities ofpollution.
f. More high-school students drop out of school to take jobs mowinglawns.
g. Fathers around the country reduce their work-weeks to spend moretime with their children.
Mahe AlamLv10
28 Sep 2019
