Say that 30% of the population disappears. How does this impact the economy? Would they need to raise taxes? Would the whole economy collapse?
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- 1918 Pandemic influenza was a population changing event - where a large population did disappear pretty quick (20-50m, global fatalities). It knocked business down noticeably. There is research statistical statistical data on the economic impact available for the USA (675k fatalities).
- Ok, it’s easy. The GDP will drop by at least 30% if you assume the productivity remains the same which is not going to happen, so GDP should decline more than that. Why don’t you look up historical figures? We had Cambodia genocide recently, look up their economy in aftermath
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- New / Other DuQvV7ymoreYou may be surprised to discover that economists have researched this.