Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose a major hurricane destroys a large factory. Does the rebuilding of that factory increase the GDP? a) No because it doesn't add anything new

image text in transcribed
Suppose a major hurricane destroys a large factory. Does the rebuilding of that factory increase the GDP? a) No because it doesn't add anything new to the economy. It only gets things back to where they were before the hurricane arrived. Ob) Yes because a new building was created and that's a form of output

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Finance questions

Question

Did the author acknowledge the limitations of the study?

Answered: 1 week ago