To determine potential GDP we use a model with which two components (select all that apply)? An aggregate production function. An aggregate labor market. □ A Solow growth model. □ A classical economic growth model.

To determine potential GDP we use a model with which two components (select all that apply)? An aggregate production function. An aggregate labor market. □ A Solow growth model. □ A classical economic growth model.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Economic Growth: Resources, Technology, Ideas And Institutions

Section: Chapter Questions

Problem 1QP

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Question

To determine potential GDP we use a model with which two components (select all that
apply)?
An aggregate production function.
An aggregate labor market.
□ A Solow growth model.
□ A classical economic growth model.

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