Question

p/Macroeconomics%20TEXTBOOK.pdf 11. Consider whether each of the following events is likely to increase or decrease real GDP In each case, do you think the well-being of the average person in society most likely changes in the same direction as real GDP? ding, w does r 2? ing e true pare ) and bout the Why or why not? a. A hurricane in lorida forces Disney World to shut down for a month. b. The discovery of a new, easy-to-grow strain of wheat increases farm harvests. ple have c. Increased hostility between unions and management sparks a rash of strikes. 5 have rk and ork but oking are d. Firms throughout the economy experience falling demand, causing them to lay off workers. e. Congress passes new environmental laws that prohibit firms from using production pollution. to take jobs mowing lawns. workweeks to spend more time with thei r-force methods that emit large quantities of and the f. More high school students drop out of school g. Fathers around the country reduce their nd as children. ad, there isia Work it Out online tutorial available for a smilar

Answer 1