Determine whether the following scenarios would increase, decrease or have no impact on potential GDP in the country of Torania: A. Technological improvements B. Productivity of workers in Torania decline C. Households across Torania see a decline in home prices, reducing household wealth 1. Decrease potential GDP ?2. Increase potential GDP 3. No impact on potential GDP

Determine whether the following scenarios would increase, decrease or have no impact on potential GDP in the country of Torania: A. Technological improvements B. Productivity of workers in Torania decline C. Households across Torania see a decline in home prices, reducing household wealth 1. Decrease potential GDP ?2. Increase potential GDP 3. No impact on potential GDP

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 2P

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