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Which of the following is included in GDP as government purchases?
Fairness
The equity or impartiality in treatment, judgments, and allocation of resources among individuals or groups.
Maximization
Maximization involves choosing the best feasible option, given a set of constraints, to achieve the highest possible level of an objective, such as profit, satisfaction, or efficiency.
Decision-Making
The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.
Vivid Observations
Highly detailed and clear observations, typically used to convey intricate details in a way that is easy to visualize and understand.
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