Problem
Earthquakes and GDP: Suppose the rural part of a country is hit by a major earthquake that destroys 10 percent of the country's 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 the people in the country and
(b) the economy's measured GDP.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.