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25 Nov 2018
*Explain whether each of the following situations increase GDP or not, and whether they are likely to increase overall welfaare. (By welfare I mean well-being of the people in the eonomy)
(a) An earthquake hits southern California leading to a massive rebuilding effort.
(b) A government law forbids retirement until the age of 75.
(c) The government hires 50 new policemen to patrol downtown San Diego
(d) An association of homeowners in downtown San Diego forms a neighborhood watch group that takes turns patrolling downtown San Diego
(e) I buy a new Volkswagen
(f) I buy my neighbr's Volkswagen that he was advertising on Craiglist
*Explain whether each of the following situations increase GDP or not, and whether they are likely to increase overall welfaare. (By welfare I mean well-being of the people in the eonomy)
(a) An earthquake hits southern California leading to a massive rebuilding effort.
(b) A government law forbids retirement until the age of 75.
(c) The government hires 50 new policemen to patrol downtown San Diego
(d) An association of homeowners in downtown San Diego forms a neighborhood watch group that takes turns patrolling downtown San Diego
(e) I buy a new Volkswagen
(f) I buy my neighbr's Volkswagen that he was advertising on Craiglist
yournotesbuddyLv10
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26 Mar 2023
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2 Jun 2021
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