Multiple Choice
In 2004,four major hurricanes struck Florida and left a wide area of severe damage.Which of the following most accurately indicates how GDP was influenced by the hurricanes?
A) The expenditures on repair services and new construction necessary to restore damaged structures were added to GDP.
B) The expenditures on repair services and new construction necessary to restore damaged structures were subtracted from GDP.
C) Since the expenditures on repair services and new construction would merely leave the nation's wealth in the same position as it was prior to the hurricanes,they were excluded from GDP.
D) The expenditures on new construction to replace structures destroyed by the hurricanes were added to GDP,but expenditures on repair services were excluded.
Correct Answer:

Verified
Correct Answer:
Verified
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