Determine whether the following scenarios would increase, decrease or have no impact on potential GDP in the country of Questville: A. Questville's workers have more and better capital available B. Access to capital like machinery for workers is reduced C. Households across Questville see a decline in home prices, reducing household wealth P-1. No impact on potential GDP 2. Increase potential GDP 3. Decrease potential GDP

Determine whether the following scenarios would increase, decrease or have no impact on potential GDP in the country of Questville: A. Questville's workers have more and better capital available B. Access to capital like machinery for workers is reduced C. Households across Questville see a decline in home prices, reducing household wealth P-1. No impact on potential GDP 2. Increase potential GDP 3. Decrease potential GDP

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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