There Is Actually a High Risk from an Asteroid Impact

question 41

Essay

There is actually a high risk from an asteroid impact. Explain why this is. Next, since the risk is so high, what kind of public awareness of asteroid impact should there be? Describe the measures that should be taken to increase public awareness or explain why it would not be necessary.

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Definitions:

Recessionary Gap

Occurs when the actual output of an economy is less than the potential output, indicating underutilized resources.

Actual Output

The actual total value of goods and services produced by an economy over a specific period.

Potential Output

Potential output refers to the maximum amount of goods and services an economy can produce when it uses its resources fully and efficiently, without prompting inflation.

Cash Conversion Cycle

A metric that expresses the duration (in days) it takes for a company to convert its investments in inventory and other resources into cash flows from sales.