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Shortcomings of GDP
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Shortcomings of GDP
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11. Gross Domestic Product (GDP) and Consumer Price Index (CPI) / Shortcomings of GDP / Problem 1
Problem 1
How does increased social spending due to crime affect GDP?
A
It decreases GDP and improves well-being
B
It increases GDP but may not improve well-being
C
It decreases GDP and reduces well-being
D
It has no effect on GDP or well-being
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