User Account

All Pages

Respect to the impact on gdp

Assignment Help Macroeconomics
Reference no: EM131095362

Consider the following responses to the event of a hurricane.  For this discussion: you do not need to provide an answer for each of the owners' responses, but do give your economics reasoning to support the conclusion that you've drawn with respect to the impact on GDP.

Suppose that early in a year, a hurricane hits a town in Florida and destroys a substantial number of homes.

  • A portion of this stock of housing, which had a market value of $100 million (not including the market value of the land), was uninsured.
  • The owners of the residences spent a total of $5 million during the rest of the year to pay salvage companies to help them save remaining belongings.
  • A small percentage of uninsured owners had sufficient resources to spend a total of $15 million during the year to pay construction companies to rebuild their homes.
  • Some were able to devote their own time, the opportunity cost of which was valued at $3 million, to work on rebuilding their homes.
  • The remaining people, however, chose to sell their land at its market value and abandon the remains of their houses.

Reference no: EM131095362

Questions Cloud

Under competitive market : Under a competitive market, a new tax will impose an economic burden,
A tax system is called progressive : A tax system is called progressive if
Journalize the january transactions : Performed 15,300 hours of direct labor on jobs when standard hours were 15,400. Applied overhead to jobs at the rate of 100% of direct labor cost for standard hours allowed. Journalize the January transactions.
What are potential advantages and disadvantages of index : What are some potential advantages and disadvantages of the index? What if we don't have any input from managers to calculate Weights?
Respect to the impact on gdp : Consider the following responses to the event of a hurricane.  For this discussion: you do not need to provide an answer for each of the owners' responses, but do give your economics reasoning to support the conclusion that you've drawn with respe..
Google or any sourcses and plese no plagarism : Describe a team situation you have been in and how things went? What could have been improved? The answer its only need 6 - 7 lines not a page
Give a vast reviw on c programming language : Give a vast reviw on c programming language
What are probable modes of transmission : Explain the incidence pattern shown on the graph - what are probable modes of transmission and what changes would you recommend before the ship books more cruises after March 3?
Common in business-professional writing : In some "real-world" contexts, plagiarism is not only acceptable but is expected. Brian Martin calls this "institutionalized plagiarism." Plagiarism is as tied to context as every other aspect of language use. In our everyday conversations-and lec..

Reviews

Write a Review

Macroeconomics Questions & Answers

  What is the duration of the loan under both methods of

You can obtain a loan for $100,000 at a rate of 10 percent for two years. You have a choice of paying the principal at the end of the second year or amortizing the loan that is, paying interest (10 percent) and principal in equal payments each year. ..

  How would each economist explain unemployment and what

How would each economist explain unemployment and what policies would each advocate?

  Establish algebraically whether this production function

Establish algebraically whether this production function exhibits increasing, decreasing, or constant returns to scale

  1 consider the following model of the economywages are

1. consider the following model of the economywages are determined by the following equation w pe 2.5 - 10u.price is

  What is the function of the body of an essay

Latisha is writing an essay on the subject of increasing the minimum wage, and wants to ensure that her essay will engage or entice readers. Which method of organization will most likely support her aim?

  How monopoly exploitation is reduced by regulation

The residual of sales revenue minus the explicit accounting costs of doing business.

  Computation of deadweight loss in health insurance

Let's say there's a world-wide influenza pandemic. Assume that the marginal cost (supply) of influenza vaccinations is constant at $40. Assume that everyone in society has health insurance that pays 80% of all medical services

  Elucidate the most important economic indicator

Elucidate the most important economic indicator affecting your organization and explain why.

  Competitors and new entrants

What strategies that must be considered by company in response to challenges arisen from competitors and new entrants?

  Utility maximization formula

Complete the following table by computing the marginal utility per dollar for successive units of X, Y, and Z to one or two decimal places.

  According to neuroeconomicsselect onea logical decisions

according to neuroeconomicsselect onea. logical decisions take place in the limbic system or amygdale and emotional

  Explain why the firm should shut down

If the market price is below shut-down, regardless of fixed costs, explain why the firm should shut down.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd