In September 2022, Hurricane Ian ravaged southwestern Florida, causing more than 60 deaths and $100 billion in

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In September 2022, Hurricane Ian ravaged southwestern Florida, causing more than 60 deaths and $100 billion in damage. The storm destroyed more than 5,000 homes and other buildings and washed away roads and bridges.

a. When the homes, buildings, roads, and bridges were destroyed in September 2022, how did this affect the U.S GDP for that year?

b. As the owners reconstructed the homes and buildings and the government repaired or replaced the roads and bridges, how did this activity affect U.S. GDP during the a period when the reconstruction took place?

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Macroeconomics

ISBN: 9780138102494

9th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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