Determine whether GDP will be underestimated

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Reference no: EM13868705

Determine whether GDP will be underestimated or overestimated in each of the following:

The quality of goods is declining.

Production is accompanied by significant spill over costs.

The government produces valuable goods and services at a low cost.

The cost of living is lower in the country than is typical in the world.

Reference no: EM13868705

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