Determine the economys measured gdp

Assignment Help Econometrics

Reference no: EM13190674

Suppose that the rural part of a country is hit by a major earthquake that destroys 10% of the countries housing stock. The government and private sector respond with a major construction effort to help rebuild houses. Discuss how this episode is likely to affect:

(a) the economic well-being of people in the country, and

(b) the economy's measured GDP.

Reference no: EM13190674

Questions Cloud

Many people argue unrealistic standards of beauty : Many people argue unrealistic standards of beauty as set through celebrities and the media is a real problem for our society. Men and women are influenced by media to strive for idealistic versions of perfection.

What is the first step : What is the first step?

How does the marriage affect gdp : suppose a women marries her butler. after they are married, her husband continues to wait on her as before, and she conitues to support him as before ( but as husband rather than as an employee). how does the marriage affect GDP

What is the correct classification of the system : What is the correct classification of the system of equations below?

Determine the economys measured gdp : Suppose that the rural part of a country is hit by a major earthquake that destroys 10% of the countries housing stock. The government and private sector respond with a major construction effort to help rebuild houses. Discuss how this episode is ..

Unemployment is on the rise : The Federal Reserve may buy government securities in open market operations in order to increase the money supply and encourage economic growth?

Provide the infrastructure and hardware control : includes all the programs that provide the infrastructure and hardware control needed for a computer, its peripheral devices, and other programs to function smoothly.

Define network convergence : Which protocol is used by PING? List the names of two PING messages - define network convergence. How can you identify your configured network has reached convergence?

Find the marginal cost : a company's total cost in millions of dollars,is given by c(t)=280-30e^-t where t= time in years, find the marginal cost when t=3

User Account

All Pages