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Suppose the rural part of a country is hit by a major earthquake that destroys 10 percent of the country's housing stock. he gov- ernment

Suppose the rural part of a country is hit by a major earthquake that destroys 10 percent of the country's housing stock. he gov- ernment and private sector respond with a major construction effort to help rebuild houses. Discuss how this episode is likely to affect (a) the economic well-being of the people in the country and (b) the economy's measured GDP

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