Calculating the Economic Impact of Hurricane Florence

The video discusses the damage caused by Hurricane Florence, estimating it could reach $22 billion, potentially ranking among the top ten most damaging storms in U.S. history. The analysis includes the use of computer models and satellite reports to assess the impact. The economic implications are compared to other global events, highlighting the differences in recovery between developed and emerging economies, such as the U.S., China, and the Philippines.

What was the estimated cost of Hurricane Florence if it had been a traditional storm?

• $7 billion

• $5 billion

• $12 billion

• $20 billion

What additional cost is expected due to the stalling and extra rain from Hurricane Florence?

• $10 billion

• $7 billion

• $15 billion

• $5 billion

How do computer models help in understanding the impact of Hurricane Florence?

• They simulate hydrology and predict long-term impacts

• They predict the exact time of the storm

• They calculate the exact economic loss

• They provide real-time satellite images

What is the estimated long-term economic impact of a natural disaster on the Chinese economy?

• $10 billion

• $18 billion

• $32 billion

• $25 billion

What percentage of the Philippines' GDP is affected by a $17 billion loss due to a natural disaster?

• 8%

• 3%

• 6.5%

• 10%