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Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026Economics: The Basics 1st Edition by Mike Mandel
Edition 1ISBN: 978-0071316026 Exercise 4
Do the following events increase or decrease potential GDP?
a) A decline in the number of new immigrants entering the country.
b) A decrease in the purchases of new computers by businesses.
c) The discovery of a new oil field in Texas.
d) The discovery of a cheaper way of generating energy from sunlight.
a) A decline in the number of new immigrants entering the country.
b) A decrease in the purchases of new computers by businesses.
c) The discovery of a new oil field in Texas.
d) The discovery of a cheaper way of generating energy from sunlight.
Explanation
Verified
Verified
GDP (Gross Domestic Product)
It is the ...
Economics: The Basics 1st Edition by Mike Mandel
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