What happens to public goods provision and private consumption when GDP increases, and when the opportunity cost
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What happens to public goods provision and private consumption when GDP increases, and when the opportunity cost of public goods provision becomes larger?
Opportunity CostOpportunity cost is the profit lost when one alternative is selected over another. The Opportunity Cost refers to the expected returns from the second best alternative use of resources that are foregone due to the scarcity of resources such as land,...
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An increase of consumption raises GDP by the same amount other things equal Moreover since ...View the full answer
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Dudhat Vaidehi
I tutored mostly elementary school students privately after school and during the summer. We met in their homes or at the public library. I charged an hourly fee, and I provided any necessary materials.
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