Determine the economys measured gdp

Reference no: EM13190674

Suppose that the rural part of a country is hit by a major earthquake that destroys 10% of the countries housing stock. The government and private sector respond with a major construction effort to help rebuild houses. Discuss how this episode is likely to affect:

(a) the economic well-being of people in the country, and

(b) the economy's measured GDP.

Reference no: EM13190674

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