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December 20, 2014

Homework Help: macroeconomics

Posted by jenna on Tuesday, March 13, 2007 at 2:17pm.

an increase in GDP necessarily translated into improvements into the welfare of citizens? true or false. i think its true but im not sure

I can think of examples when it would not be true. Consider a kingdom which increases total output because the king tortures, cajoles, or otherwise forces his citizens to work harder and longer hours.

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