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From a GDP perspective the 22 separate billion-dollar weather and climate disasters impacted the American economy in a positive and negative way in 2020. Each
From a GDP perspective the 22 separate billion-dollar weather and climate disasters impacted the American economy in a positive and negative way in 2020. Each disaster contributed to an increase in GDP in some way. While jobs may have been lost and GDP fell as an immediate result of the disaster, the reconstruction of roads, houses, factories, buildings, etc. over the following months and years will add jobs and increase GDP. In fact, after the reconstruction, the economic efficiency of the region most likely will increase. Therefore, climate warming and the economic disasters predicted from it can be an economic boon for the United States and we should not worry about climate change or its affect upon the economy. From an economic perspective comment on the fact that the measurement of GDP includes economic "bads". What are other examples of economic bads included in GDP
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