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Effect of GST on production possibility curve

Asked by Yogesh69 17th March 2018, 2:30 PM
Answered by Expert
Answer:
One tax regime is a major relief to the manufacturers. It simplified the process and encourage the business man to invest more. GST will lead to increase in production potential, increases the GDP of an economy. Therefore, national imcome of the economy will increase. Due to increase in national income with fuller utilisation of resources, PPC will shift rightward.
Answered by Expert 18th March 2018, 1:29 AM
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