Youâ€™ve also heard me talk about how economists are looking at all sorts of micro indicators...

90.2K

Verified Solution

Question

Economics

Youâ€™ve also heard me talk about how economists are looking atall sorts of micro indicators â€“ like electricity usage, to get asense of how bad the situation is (while they wait for thelower-frequency macro data to be collected.) North vs. South Koreaare a good indicator of how prosperous they are relative to eachother based on satellite images of their night-time electricityusage. (Google it!). What are economists finding out electricityusage during the time of the Pandemic? Whatâ€™s it telling them?Again, this is investigative on your part â€“ please report what youfind, with appropriate citations, of course.

Answer & Explanation Solved by verified expert

3.7 Ratings (573 Votes)

The economic stability of a nation is the major factor that sustains an economy in a long run There are many factors that influence this stability and the effect of an outbreak or a pandemic is a no lesser one Once a nation is affected by a pandemic it affects the local economy in first national economy in the next stage and the global economy at last Once that pandemic is a global one then the effect it has on the global economy is huge and the whole stability of the global economy gets affected In this lights it is important for the world economy to analyse See Answer

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member