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Question
Government insure expenditure to popularize yoga among the masses. Analyses its impact on gross domestic product and welfare of the people.
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Solution
Government expenditure on Yoga is an expenditure related to productive expenditure which enhances the productive capacity of an economy. This helps progress with high intellectual and mental stability of the people. They are able to remain healthy and thereby the quality of the labour force is improved in the production process. This increases production efficiency, and hence, the GDP growth.
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