Question:

What are the effects of a decrease in tariffs on gdp?

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What are the effects of a decrease in tariffs on gdp?

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3 ANSWERS


  1. It increases GDP because it increase net exports, because decreasing tariffs facilitates trade.

    And GDP is:

    Consumption + Investment + Gov. + Net Exports.


  2. a decrease on tariffs would cause imports to rise.  It would not affect domestic production and thus it would not affect gdp.

  3. Reduced tariffs means more trade. More trade=higher GDP over time.

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