How this might be accounted for in the 2011 national account

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Reference no: EM131181475

In 2011, the Deepwater Horizon oil spill in the Gulf of Mexico caused heavy damage to the fishing and tourism industries of Louisiana and other coastal states. In addition, there were long-term ecological impacts on fish and wildlife. Describe how this might be accounted for in the 2011 national accounts of the United States, if they were environmentally adjusted:

a. In terms of depreciation of assets

b. In terms of flows of produced goods and services. (Describe in detail how two approaches to assigning dollar values might be applied.)

Reference no: EM131181475

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