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Question 1: The Australian GDP (Answer in 200-400 words in total) Unprecedented floods impacted the Australian economy in 2022. After defining the GDP, identify. a.

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Question 1: The Australian GDP (Answer in 200-400 words in total) Unprecedented floods impacted the Australian economy in 2022. After defining the GDP, identify. a. One economic mechanism by which floods have increased the Australian GDP (even if they were detrimental to well-being). (5 marks) b. One economic mechanism by which floods have decreased the Australian GDP

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