Not exact matches
Early advocates of these type of tax cuts argued that lower tax rates would
increase economic activity and thereby revenues. However, thereâ $ ™ s little evidence changes in tax rates, except in more extreme cases, have a major impact on
real economic activity.
Those
increases in
real GDP translate to
increases of roughly $ 200 billion to $ 3.4 trillion of additional
economic activity through 2023.
They bring «
increased economic activity» — a transfer of money from one party to another — but no
real economic development.
For example, while a slowdown in
economic activity might have negative affects on current
real estate prices, a dramatic steepening of the yield curve (indicating an expectation of future inflation) might be interpreted to mean future prices will
increase.
So, in the case of a massive disaster, the cost of rebuilding afterwards
increases GDP — meaning that if an
economic indicator that took into account a broader spectrum of
economic activity (such as the Genuine Progress Indicator), the
real damages to Pakistan are likely larger than that 5 % GDP loss indicates.
While this boom creates low unemployment and
increased investment options (including
real estate) in many secondary and tertiary markets where drilling is prevalent, natural gas exploration is not without risk and cost, including
increased carbon emissions, groundwater contamination, reduced
economic activity in alternative energy sectors and the potential for boom - and - bust local economies susceptible to rapid declines in production.