Suppose the United States government wants to build new recreational parks along the east coast from...
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Suppose the United States government wants to build new recreational parks along the east coast from North Carolina to New England. The projected revenues from building the parks for the next 4 years will be $150 billion dollars while the projected costs from building the parks for the next 4 years will be $100 billion dollars. What is the net gain or net loss of going ahead with building the parks along the East Coast? Please calculate. Also, based on your calculation, should the U.S. government go ahead with building the parks along the east coast or not and why? Explain. Suppose the United States government wants to build new recreational parks along the east coast from North Carolina to New England. The projected revenues from building the parks for the next 4 years will be $150 billion dollars while the projected costs from building the parks for the next 4 years will be $100 billion dollars. What is the net gain or net loss of going ahead with building the parks along the East Coast? Please calculate. Also, based on your calculation, should the U.S. government go ahead with building the parks along the east coast or not and why? Explain.
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The Net gain from building the park will be 50 billion As the cost is ... View the full answer
Related Book For
Macroeconomics Principles and Policy
ISBN: 9780324586213
11th Edition
Authors: William J. Baumol, Alan S. Blinder
Posted Date:
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