1. How is GDP impacted by an increased investment in capital goods?

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03-05-2021
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1. How is GDP impacted by an increased investment in capital goods?

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Louiemarnalos22idn Louiemarnalos22idn · Answer 1 · 2021-05-04T00:46:06-04:00

Louiemarnalos22idn Louiemarnalos22idn

04-05-2021

Answer: As a result, more products can be produced at a lower cost, and with faster turnaround times; this can increase the company's profits. As labor becomes more efficient, this increased efficiency nationwide leads to economic growth for the entire country and a higher nationwide GDP.

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