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Kayla is 4 years old and has recently begun coordinating the two sides of her body more efficiently. This improvement can be attributed to _____.
Economic Welfare
The overall well-being and standard of living of people in an economy, often measured by standards such as health, education, and income.
Negative Externalities
occur when the production or consumption of goods and services imposes costs on third parties not involved in the transaction.
Underground Economy
consists of unreported income from the production of legal goods and services, either due to tax avoidance or the desire to avoid government regulations.
Gross Domestic Product
The total valuation in terms of money or market prices of all goods and services completed within a country’s borders within a specified time period.
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