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5) Almost 65% of the Bahamian GDP consists of foreign tourism, and the Bahamian Government took steps to lower the value of its currency, the
5) Almost 65% of the Bahamian GDP consists of foreign tourism, and the Bahamian Government took steps to lower the value of its currency, the Bahamian Dollar, by 25%. At the same time, a recent hurricane damaged 10% of Bahamian fishing boats. If all else remains equal, using the concept of Aggregate Demand and Aggregate Supply, what will happen to the Bahamas' GDP and Price Level as a result of these events?
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