CBSE 2014 Class 12 Economics Delhi Set-1

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Question : 15
Total: 19
Government raises its expenditure on producing public goods. Which economic value does it reflect? Explain.
Solution:  
Social welfare is the economic value that is reflected when government raises its expenditure on producing public goods as the people are provided with more of roads, parks, besides better law and order and defence of the country. Thus, it will improve the overall quality of life of the people in the country.
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