A man who had washed me windows of his house every year decides to pay a private

Question

A man who had washed me windows of his house every year decides to pay a private company to wash those windows this year. % A company that had been selling used finally gets around to obtaining operating license and performing background, checks as specified by law prior to each sale. Explain what happens to the official of GDP in each of the following situations, page 177.) Air quality improves significantly throughout the United States, but there are no effects it aggregate production or on market prices of final goods and services.

Explanation / Answer

This is very complex to answer, still below are the best arguments:

(1) As such improving air quality is not increasing production or prices. But indirectly, improved air quality will lead to healthy people (workers), more productivity and hence improves GDP.

(2) Government expenditure on anti pollution falls, this will result in government spending these funds on something more productive.

(3) If quality of cancer treatment increases, this will lead to more healthy workforce. GDP may increase.

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