Scenario Government Program Counted in GDP (Yes or No) Effect on GDP (Increase, Decrease or No Change) Metro Council approves a new police contract, which includes a 2% raise for police officers. Due to the COVID-19 pandemic the government closes down National Parks for two months. A woman with three children is out of work and her children need vaccinations. Both adults in a family of four lost their jobs and file for aid. The local government installs a new splash park outside the local recreation center. A man cashes his retirement check. State tax revenue is down due to the current economic recession. The state has to reduce subsidies to local school districts. Due to widespread unemployment, the federal government provides additional funding for unemployment checks.
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Scenario |
Government Program |
Counted in |
Effect on GDP (Increase, Decrease or No Change) |
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Metro Council approves a new police contract, which includes a 2% raise for police officers. |
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Due to the COVID-19 pandemic the government closes down National Parks for two months. |
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A woman with three children is out of work and her children need vaccinations. |
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Both adults in a family of four lost their jobs and file for aid. |
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The local government installs a new splash park outside the local recreation center. |
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A man cashes his retirement check. |
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State tax revenue is down due to the current economic recession. The state has to reduce subsidies to local school districts. |
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Due to widespread |
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