State and Define as Best You Can the Three Determinants

question 65

Essay

State and define as best you can the three determinants of the aggregate supply of real GDP.

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Definitions:

Complete Enumeration

A method of listing all possible outcomes or instances in a situation without omission.

Median Value

The middle number in a sorted list of numbers, effectively separating the higher half from the lower half.

Central Values

Fundamental beliefs or principles that are widely held or given primary importance in a society.

Entire Class

Refers to all members within a defined category or group, without exception.