The effect of an earthquake on the potential GDP of a poor land.

Question

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Answer 1

Question

Chapter 23, Problem 1DQ

To determine

The effect of an earthquake on the potential GDP of a poor land.

Expert Solution & Answer

Explanation of Solution

The distortion of factories in the poorland due to an earthquake will reduce the national output of the poorland. This would reduce the potential GDP of the poorland. The acquisition of advanced technology from a rich land will boost the poor land’s productive capacity and thereby increase the potential GDP.

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Answer 2

Question

Chapter 23, Problem 1DQ

To determine

The effect of an earthquake on the potential GDP of a poor land.

Expert Solution & Answer

Explanation of Solution

The distortion of factories in the poorland due to an earthquake will reduce the national output of the poorland. This would reduce the potential GDP of the poorland. The acquisition of advanced technology from a rich land will boost the poor land’s productive capacity and thereby increase the potential GDP.

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Answer 3

Question

Chapter 23, Problem 1DQ

To determine

The effect of an earthquake on the potential GDP of a poor land.

Expert Solution & Answer

Explanation of Solution

The distortion of factories in the poorland due to an earthquake will reduce the national output of the poorland. This would reduce the potential GDP of the poorland. The acquisition of advanced technology from a rich land will boost the poor land’s productive capacity and thereby increase the potential GDP.

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Answer 4

Question

Chapter 23, Problem 1DQ

To determine

The effect of an earthquake on the potential GDP of a poor land.

Expert Solution & Answer

Explanation of Solution

The distortion of factories in the poorland due to an earthquake will reduce the national output of the poorland. This would reduce the potential GDP of the poorland. The acquisition of advanced technology from a rich land will boost the poor land’s productive capacity and thereby increase the potential GDP.

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Answer 5

Chapter 23, Problem 1DQ

To determine

The effect of an earthquake on the potential GDP of a poor land.

Expert Solution & Answer

Explanation of Solution

The distortion of factories in the poorland due to an earthquake will reduce the national output of the poorland. This would reduce the potential GDP of the poorland. The acquisition of advanced technology from a rich land will boost the poor land’s productive capacity and thereby increase the potential GDP.

Answer 6

Chapter 23, Problem 1DQ

To determine

The effect of an earthquake on the potential GDP of a poor land.

Expert Solution & Answer

Explanation of Solution

The distortion of factories in the poorland due to an earthquake will reduce the national output of the poorland. This would reduce the potential GDP of the poorland. The acquisition of advanced technology from a rich land will boost the poor land’s productive capacity and thereby increase the potential GDP.

Answer 7

Chapter 23, Problem 1DQ

To determine

The effect of an earthquake on the potential GDP of a poor land.

Answer 8

Expert Solution & Answer

Explanation of Solution

The distortion of factories in the poorland due to an earthquake will reduce the national output of the poorland. This would reduce the potential GDP of the poorland. The acquisition of advanced technology from a rich land will boost the poor land’s productive capacity and thereby increase the potential GDP.