hich statement is NOT true? a. Government expenditure has direct control of a country's economic growth and businesses. b. investments in education and infrastructure are not likely to boost economic growth and labor productivity in the long run. c. Government spending also helps lower-income inequality among individuals. d. A high gross domestic product (GDP) doesn't necessarily translate into well being or higher living standards for citizens.
hich statement is NOT true? a. Government expenditure has direct control of a country's economic growth and businesses. b. investments in education and infrastructure are not likely to boost economic growth and labor productivity in the long run. c. Government spending also helps lower-income inequality among individuals. d. A high gross domestic product (GDP) doesn't necessarily translate into well being or higher living standards for citizens.
Chapter16: Economic Growth
Section: Chapter Questions
Problem 12E
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Question
Which statement is NOT true?
a. Government expenditure has direct control of a country's
b. investments in education and infrastructure are not likely to boost
c. Government spending also helps lower-income inequality among individuals.
d. A high gross domestic product (GDP) doesn't necessarily translate into well being or higher living standards for citizens.
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