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Fiscal Policy and GDP

nificant participant in the manufacture of products related to the space program, and thus is likely to lobby the government to continue participation in the international space station and shuttle missions in order to provide a continuing stream of revenue to Boeing.

However, the Boeing Company also has a considerable stake in the political environment and the trade relations that the American government cultivates with other countries. When the American government enacts trade policies such as tariffs on steel that are designed to protect American industries, Boeing may actually see an increase in its costs (assuming that American companies have higher price points than international competition). At the same time, protectionist strategies employed by the European Union with regard to its aircraft consortium Airbus can hurt Boeing's ability to compete in the international market. If Boeing sells fewer airplanes, whether domestically or internationally, GDP declines.

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Fiscal Policy and GDP. (1969, December 31). In LotsofEssays.com. Retrieved 01:12, May 18, 2024, from https://www.lotsofessays.com/viewpaper/1689037.html