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The diagram below shows alternate paths for two hypothetical economies, each starting with GDP of $1 billion. Assume that Area 1 is equal to Area

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The diagram below shows alternate paths for two hypothetical economies, each starting with GDP of $1 billion. Assume that Area 1 is equal to Area 2. Year X You Y FIGURE 25-1 Refer to Figure 25-1. Which of the following costs of economic growth are reflected in this diagram? Select one: 0 a. resource exhaustion b. the sacrifice of current consumption c. national saving d. lower real interest rate e. environmental degradation

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