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Unprecedented floods impacted the Australian economy in 2022. After defining the GDP, identify: One economic mechanism by which floods have increased the Australian GDP (even

Unprecedented floods impacted the Australian economy in 2022. After defining the GDP, identify:

  1. One economic mechanism by which floods have increased the Australian GDP (even if they were detrimental to well-being). (5 marks)

One economic mechanism by which floods have decreased the Australian GDP

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