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What are 3 factors that can contribute to increased output of goods and services in a country?
Wiki User
∙ 11y ago
1. New developments in technology- this could make producing goods faster and less costly
2. Lower interest rates- if interest rates are low, people will be more willing to invest, thus increasing output
3. Less taxes from the government- this will encourage people to spend more
Wiki User
∙ 11y ago
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