In the analysis of potential GDP, labor and capital are considered
a. inputs.
b. final goods and services.
c. byproducts of economic growth.
d. outputs.
a
You might also like to view...
Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 100 and that it is 150 in country B.) Domestic output in country B will, after immigration:
A. Increase by $50M
B. Increase by $250M
C. Decrease by $50M
D. Decrease by $250M
Provide three rationales for government involvement in health care markets. Which is the most recent?
What will be an ideal response?
Suppose that medical technicians and nurses' aides are not unionized. If the nurses' aides unionize, then the wages of
a. both medical technicians and nurses' aides will rise. b. both medical technicians and nurses' aides will fall. c. medical technicians will rise, and the wages of nurses' aides will fall. d. nurses' aides will rise, and the wages of medical technicians will fall.
According to the above table, the marginal factor cost of the seventh worker is
A. $42.00. B. $126.00. C. $168.00. D. $24.00.