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This week's City Council Scenario:Assume you are the economist for yourlocal government. You have been presented with the fact that your local region's GDP has

This week's City Council Scenario:Assume you are the economist for yourlocal government. You have been presented with the fact that your local region's GDP has been steadily declining.

  • Explain what it means to have a decreasing GDP.
  • How can you increase GDP?
  • Are there specific components of GDP that you canfocus on increasing?

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