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Economists refer to the impact of the Deepwater Horizon disaster as a negative externality, an undesirable consequence not included in GDP. What specific negative externalities

  1. Economists refer to the impact of the Deepwater Horizon disaster as a "negative externality," an undesirable consequence not included in GDP. What specific negative externalities are suggested or revealed by either the pictures or text? (That is, what bad stuff happened that does not factor into the GDP?)
  2. Which of the numbers in the document are included in GDP totals? Explain.
  3. How does this document help answer the question, "Does GDP tell the right story?"
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16,000 total miles of coastline have been affected, including the coasts of Texas, Louisiana. Mississippi, Alabama, and Florida. Berwean 27 000 and 65 000 sea turtles are estimated to have died 1in 2010, and the annual numbers of nests have declined in the vears since the spill. In 2014, dolphins on the Louisiana coast were found dead at four times historic rates. Twelve percent of the brown pelicans and 32 percent of the laughing gulls in the northern gulf are estimated to have died as a result of the BP oil spill. $2.5 billion: The initial estimated cost of the oil spill to the US fishing industry $23 billion: The initial estimated cost of the oil spill to the Gulf Coast tourist industry 518.7 billion: The cost to BP Ol for cleanup efforts in the Gulf of Mexico

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