Major Events Affect The Economy

In the US major events always impact our economic performance. The gross domestic product, employment, the business cycle, productivity, and price levels are also economic indicators that are affected. All of the indicators affect the overall growth of the economy. When a major event occurs the economy can either have a period of contraction or expansion. A major event that negatively affected the economy was Hurricane Katrina. Hurricane Katrina caused the US billions in repairs and reconstruction.
Hurricanes usually do not have a huge affect on the nation's GDP. Gross Domestic product, or GDP, is the measurement of total goods and services produced within a nation's borders in a specific time period. Natural disasters usually only affect