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Im in economics class and I learned that the products and good in the U.S. rise 3% every year. Im just wondering why
If you're referring to inflation, it exists because the government prints more and more money every year. Since the number of dollars increases faster than goods and services increase, prices go up.
efficiency gains probably, facilitated by technological advancements. If a new piece of factory equipment produces more of a product, it creates more value. You get the idea
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