What are the assumptions that could be made to simplify the study of the the after affects of Katrina on Louisiana's economy.

1. "Track the total net worth of the output produced by the state prior to the hurricane and after the hurricane."
2." Focus on just the crawfish and catfish farming industries in Louisiana."
3. " compare the changes in price for all goods."
4.Determine the affects while holding the infastructure and the FOP constant."
5. "consider the affect on all of Louisiana's interstate trade partners."

I am pretty sure 1 and 2 are included
but,I am unsure whether to include 3 ,because it doesn't seem to simplify the problem like an assumption should, but it is something always done monthly regardless.

Thanks

To simplify the study of the aftermath of Katrina on Louisiana's economy, several assumptions can be made. Let's go through each assumption and evaluate whether it helps to simplify the problem:

1. "Track the total net worth of the output produced by the state prior to the hurricane and after the hurricane."
This assumption helps to simplify the study by focusing on the overall economic output of the state. By comparing the net worth before and after the hurricane, it provides a clear measure of the impact on the economy.

2. "Focus on just the crawfish and catfish farming industries in Louisiana."
This assumption narrows down the scope to specific industries, namely crawfish and catfish farming. By focusing on these industries, it simplifies the study by allowing for a more detailed analysis of the impacts on a specific sector.

3. "Compare the changes in price for all goods."
This assumption doesn't necessarily simplify the study but rather adds a layer of analysis. While it is common to track price changes for goods, it doesn't specifically address the simplification of the study itself.

4. "Determine the effects while holding the infrastructure and the factor of production constant."
This assumption simplifies the study by assuming that the infrastructure and the factors of production remain constant. By doing so, the focus can be solely on the impact of the hurricane on the economy, without considering variations in other factors.

5. "Consider the effect on all of Louisiana's interstate trade partners."
This assumption expands the scope beyond Louisiana to consider the impact on interstate trade partners. While it adds complexity, it provides a broader perspective on the effects of Katrina on the economy.

Based on the given assumptions, 1 and 2 are definitely included to simplify the study. Assumption 3 adds additional analysis but doesn't necessarily simplify the problem. Assumptions 4 and 5 can be debated, as they may provide valuable insights but also introduce extra complexity.

Based on the assumptions provided, it is correct to include assumptions 1 and 2 to simplify the study of the after-effects of Katrina on Louisiana's economy. These assumptions focus on specific industries and tracking the overall output produced by the state.

Assumption 3, which suggests comparing changes in price for all goods, may not necessarily simplify the study but rather add more complexity to the analysis. It is not necessarily an assumption that simplifies the problem, as it includes considering the changes in price for all goods, which can be a broad and extensive analysis.

Therefore, it is best to exclude assumption 3 from the list of assumptions that simplify the study of the after-effects of Katrina on Louisiana's economy.