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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

The manuscript for this book was keyed by the author. Had he hired someone to do the keying, GDP would have been higher than it was. What other activities would increase GDP if they were done differently? What activities would decrease GDP if they were done differently?

To determine

Explain the activities of increase and decrease in GDP.

Explanation

The GDP will increase when workers are hired to do a job instead of doing ourselves. If one does their job themselves instead of paying someone to do it, it wil...

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