The dictator of a country requires that companies planning to open or expand must pay a large fee to file an application one year prior to building new factories or expanding existing ones.Other things the same,in the long run this requirement would
A) reduce real GDP per person and productivity.
B) reduce real GDP per person but not productivity.
C) reduce productivity but not real GDP per person.
D) None of the above is correct.
Correct Answer:
Verified
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