Review the News clip given below and answer the given questions “Dr. Helen Y. Chu, an infectious disease expert in Seattle, knew that the United States did not have much time. In late January, the first confirmed American case of the coronavirus had landed in her area. Critical questions needed answers: Had the man infected anyone else? Was the deadly virus already lurking in other communities and spreading? As luck would have it, Dr. Chu had a way to monitor the region. For months, as part of a research project into the flu, she and a team of researchers had been collecting nasal swabs from residents experiencing symptoms throughout the Puget Sound region. To repurpose the tests for monitoring the coronavirus, they would need the support of state and federal officials. But nearly everywhere Dr. Chu turned, officials repeatedly rejected the idea, interviews and emails show, even as weeks crawled by and outbreaks emerged in countries outside of China, where the infection began. By Feb. 25, Dr. Chu and her colleagues could not bear to wait any longer. They began performing coronavirus tests, without government approval. What came back confirmed their worst fear. They quickly had a positive test from a local teenager with no recent travel history. The coronavirus had already established itself on American soil without anybody realizing it.” Analyze the impact of this virus on the following variables: 1. Impact on consumption and demand 2. Impact on GDP 3. Impact on International travel and trade 4. Impact on Healthcare Industry 5. Impact on Economic growth 6. Your impressions 7. Lessons learnt – as a student of economics Instructions: 1. The paper should be typed. 2. The paper should have an Introduction and a conclusion. 3. Use Data to support your answers; required. 4. The paper cannot exceed 6 typed pages – font 11 or 12. 5. Attachments will not be counted as a part of your paper i.e. data; newspaper clips/web pages etc. 6. The paper should be original and not copied. Any copied material will not be accepted and will get a zero automatically. 7. The paper is due on 3/28/2020. No late work will be accepted. Hint: Use your knowledge; think about this change; think in terms of all the macro issues that we would experience while political arena changes in our country.
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