The reference mode of the US GDP is shown in Figure 1 US Real GDP 8000 AveragerowtRat8.45%lyear DoublingTime-20years 4000 1850 1900 1950 2000 Figure 1: US GDP - (Sterman, 2001) 1. Identify the variables that might be responsible for the growth of the US GDP 2. Sketch a causal loop diagram to capture the behavior you identify 3. Identify potential negative feedback that might halt growth in the system

The reference mode of the US GDP is shown in Figure 1 US Real GDP 8000 AveragerowtRat8.45%lyear DoublingTime-20years 4000 1850 1900 1950 2000 Figure 1: US GDP - (Sterman, 2001) 1. Identify the variables that might be responsible for the growth of the US GDP 2. Sketch a causal loop diagram to capture the behavior you identify 3. Identify potential negative feedback that might halt growth in the system

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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