What would happen to the economy if everyone in America won the $500,000,000 jackpot?


if got $500 million, there huge inflation, until prices become high $500 million buys as $5 buys today. had $1,000,000 in savings accounts or bonds have equivalent of $0.01. hurt economy big time.


if lottery not have money pay it, default. i.e. not pay anybody. angry it, cannot it.

and lottery companies had pay each paid $500,000,000 instead of portion of pool

first, in more theoretical scenario, vast amount of money in lotteries budget

second, if money not in budget


Social Science Economics Next



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