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Leaders of a small town are tired of looking at a vacant and dilapidated warehouse that sits on a prime piece of real estate. The

Leaders of a small town are tired of looking at a vacant and dilapidated

warehouse that sits on a prime piece of real estate. The town finds an investor who

purchases the warehouse and promises to renovate the old building and build

condominiums in the old building. To an economist, is this economic growth?

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