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Ilee0405 Ilee0405
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11 years ago
Is there a point where the GDP could increase to such a high level that economic well-being could be compromised? If so, describe some of the opportunity costs associated with maximizing the GDP.
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wrote...
11 years ago
Some of examples could include ecological issues, then over very long-run it is possible to increase GDP very higher but along with some negative externalities consuming nature which is not renewable.
Damaged/destroyed ecology jeopardizes future generations and reduces their future quality of life.
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