Major Effects on the Economy

During government shutdowns, we see three major effects on the economy. These effects do not only affect the economy, but also affect all of us from a top-down perspective. Like mentioned earlier, we are small fish in a big pond, but that does not mean that the decisions of the government do not affect us. First, we see the effects of labor. During shutdowns, jobs and labor are negatively affected, ultimately leading to the loss of money, which is the second effect. The loss of money consists of lost tax refund dollars, lost revenue of national parks, and loss of money within lost productivity. Finally, we have the third effect, which is that of GDP. GDP stands for Gross Domestic Product, which is the total value of good produced and service provided by a country. These three main effects have major impacts on the country, especially in the realm of the economy. These three effects will be further investigated, all in their relation to the effects they have on the economy.