importance of GPS to modern economies

Some scientists say that, if one would switch off all global positioning satellites, all modern economies would collapse within a day.

ATMs are equipped with a GPS receiver. Why is that? They don’t walk around, do they?

What are the facts behind these two statements, and how are they related?
Reason in detail.

*NOTE: Assignment is to be at least three full pages of text. showing lessons learned and your search path. A fourth page is required to show references/citations/sources using APA format in Microsoft Word. Assignment is to be printed in Arial 12 pt with single-line spacing.

 

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