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Question
What did economist Robert Higgs observe about the WWII American economy that contradicted the apparent GDP statistics?
1
The boom was driven entirely by exports, with domestic consumption unchanged
2
GDP growth was overstated because the government used incorrect deflation methods
3
American workers' wages fell during the war even as military spending rose
4
While GDP appeared to boom, civilian consumption actually fell — the statistical prosperity masked a redistribution of output to the war economy, not genuine expansion
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