According to the Bangladesh Bureau of Statistics (BBS), the
a) Describe the forces that might help the potential GDP of Bangladesh to grow using the concepts of the Aggregate labor market. Illustrate your answer with an appropriately labeled diagram.
b)Such an improvement in productivity and economic growth is followed by higher income and consumption. How do you think this will affect the price level and the real GDP of the economy? Depict your answer with an appropriate AS-AD diagram.
c)A rise in income is associated with a rise in savings. If private savings rise, how should that change the conditions in the loanable funds market? Illustrate your answer with an appropriately labeled diagram.
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