Understate the degree of change in broad standard of living

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Reference no: EM131083717

Explain briefly whether each of the following would cause GDP to overstate or understate the degree of change in the broad standard of living:

a. The environment becomes dirtier.

b. The crime rate declines.

c. A greater variety of goods become available to consumers.

d. Infant mortality declines.

Reference no: EM131083717

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