Which of the Following Accurately Describes an Effect of Hurricane

question 97

Multiple Choice

Which of the following accurately describes an effect of hurricane Katrina on GDP?

• A)GDP would decrease reflecting the costs of cleanup.
• B)GDP would increase reflecting the costs of cleanup.
• C)GDP would increase reflecting the decrease in production that occurred during the storm and the productive capacity lost in the storm.
• D)GDP would increase well-being.

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Definitions:

Mosquito Control

The management and reduction of mosquito populations to minimize their damage to human health, economies, and enjoyment.

Marginal Cost

The financial impact of producing one additional unit of a product or service.

Treatment

A specific procedure or method used to address a disease, condition, or injury.

Excludable

A characteristic of a good or service that allows its owner to prevent others from using it without permission, typically through legal or physical means.