Question

Government raises its expenditure on producing public goods. Which economic value

does it reflect ? Explain. ​

Answer 1

Answer:

The economic value that is reflected in the rise in the production of public goods is the "social welfare". The major objective of the budgetary policy of the government is to enhance the welfare of the society at large.

Explanation:

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Answer 2

Answer:

The economic value that is reflected in the rise in the production of public goods is the "social welfare". The major objective of the budgetary policy of the government is to enhance the welfare of the society at large