Explanation of the Model
The sample model demonstrate the COVID-19 outbreak in Burnie, Tasmania appearing how the government reacts by executing important health approaches and the impacts on the economy of the region
Assumptions
The economic growth rate is subordinate on the extent of the populace who can be exposed. The number of COVID-19 cases adversely impacts the economy. The government arrangement is activated when the COVID-19 cases are 10 or above
Interesting Insights
1. There is a positive relationship between exposure to COVID- 19 and economic growth rate. Since the more individuals go out, the more trade activity takes place and that ultimately results economic growth
2. Expanding the testing rate results
- Higher cases being recognized
- Strict government intervention
- Less deaths
