Gdp Factors
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The five factors I chose were of the following. The first to boost economical growth would be that of the hurricane. The second is the holidays such as Christmas and Thanksgiving. Another factor would be something like bike week or purhaps race week. War would be another major factor influencing our GDP. Last but not least, crime takes a huge part on growing economy.
In the United States of America past hurricanes have brought horrible attributes to us all by damages and sometimes death. But in reality is has brought much profit to out country by means of purchasing hurricane supplies; such as ply-wood or generators. Also food, medical supplies, and other plain basic necessities are being purchased all at one time. It has also giving people jobs, such as my mom, working as a newly State Farm insurance agent and making lots and lots of money, even though she had no prior experience to hurricane disasters. Even though hurricanes are not fun and can cause much damage, such as $70 to $130 billion dollars in damage estimate occurring to the American Red Cross for hurricane Katrina, it still helps out our economy just by having people going out and spending their little hard earned pennies to buy supplies. For example after a hurricane or tornado (lots of wind involved) TIRE sales end up going sky high. Why you ask? Because the so much wind was forced upon roofs all of the nails came plummeting out onto the road, and cars, which drive all over the road, then cause tire damage. So in result, everyone and their brother has to go buy four new tires, therefore BOOST tire sales out the roof.
Next, take those lovely holidays that make everyone so insane. Christmas, the most hectic time in an average working person’s life, due to the fact of high sales for virtually everything, from food to batteries. Even though the holidays adds much stress to our lives it also gives many people jobs and extra hours.
Local festivals such as Bike Week and Race Week give much profit to this little town of Daytona Beach Florida, such as sales of BEER, fuel, tourist driving (gas), plane tickets, restaurants, hotels, tourist shops, and much more. But there is a vast amount of stress involved with us as locals. Take for instance