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Economics

Q. If government increases expenditure by $10 billion, could total GDP increase by more than $10 billion? Explain.

Q. Do increases in gross domestic product necessarily translate into improvements in the welfare of citizens? Explain your answer.

Q. Your 'income' has recently dropped from $60,000 per yr to $45,000 per yr. You have come to realize which you are only buying 3 bottles of wine a week now whereas you utilized to buy six bottles of wine when you made $60,000 a yr. Given this situation you would describe wine as a:

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9219396

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