Determine whether GDP will be underestimated-overestimated

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

A. The quality of goods is declining.

B. Production is accompanied by significant spill over costs.

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

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

Reference no: EM13858711

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