Which of the following impacts of the terrorist attacks of September 11, 2001, would not show up as a direct loss to GDP?
a. The loss of jobs in the WTC
b. The loss of restaurant income near ground zero
c. The loss of WTC itself
d. The loss of rental income to landlords for buildings near ground zero
e. The loss of jobs in the surrounding area.
C
Economics
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If the consumer price index in Year 1 was 200 and the CPI for Year 2 was 230, the rate of inflation was:
a. 15 percent. b. 7.5 percent. c. 30 percent. d. 230 percent.
Economics
In perfect competition, as the long run approaches, economic profit will cause
a. the entry of new firms, shifting the market supply curve to the right b. the emergence of powerful monopolistic corporations c. inflation d. technological innovation e. government regulation
Economics