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If a Province with Legalized Gambling Made Gambling Illegal,then,other Things

question 60

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If a province with legalized gambling made gambling illegal,then,other things the same,what would happen to GDP?


Definitions:

Total Revenue

The total amount of money a company receives from its sales of goods or services, calculated before any expenses are subtracted.

Total Output

The total quantity of goods and services produced in an economy over a specific period of time.

Total Cost

The sum of fixed and variable costs incurred by a business in the production of goods or services.

Marginal Physical Product

The additional output resulting from a one-unit increase in the quantity of a particular input, holding all other inputs constant.

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