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If you are given a choice to live in a country with high level of GDP and low growth rate or to live in a
- If you are given a choice to live in a country with high level of GDP and low growth rate or to live in a low level of GDP and a high growth rate, which option would you choose and why?
- Assume a hypothetical society that decides to reduce consumption (production of consumption goods) and increase investment (production of capital goods).
- How would this change affect economic growth?
- What groups in society would benefit from this change? What groups might be hurt
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