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Think about how researchers would investigate the topic of depression.For the third goal, what would be the research question?
Private Consumption
The spending on goods and services by individuals or households, as opposed to public or government spending.
Social Welfare Function
An economic function that ranks societal allocations of resources based on ethical principles, intending to maximize collective satisfaction or utility.
Utility Possibilities Frontier
The utility possibilities frontier is a graphical representation depicting the different distributions of utility maximization between two agents given a fixed set of resources.
Income Distribution
Income distribution refers to the way in which total income is shared among the members of a society.
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