Consider how each of the following events is likely to affect real GDP. Do you think the change in real GDP reflects a similar change in economic well-being? a. Businesses and firms throughout the...

Consider how each of the following events is likely to affect real GDP. Do you think the change in real GDP reflects a similar change in economic well-being? a. Businesses and firms throughout the economy experience falling demand, causing them to lay off workers b. Government passes new environmental laws that prohibit firms from using production methods that emit large quantities of pollution.