The Table Below Shows Data for Five Economies of Similar

question 7

Multiple Choice

The table below shows data for five economies of similar size.Real GDP is measured in billions of dollars.Assume that potential output for each economy is $340 billion.
TABLE 24-1
-Refer to Table 24-1.In which economy is there the most unused capacity?

• A)Economy A
• B)Economy B
• C)Economy C
• D)Economy D
• E)Economy E

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Definitions:

Research

The methodical examination and analysis of materials and sources with the goal of establishing facts and deriving new insights.

Diversity

The variety of differences within a population, including race, ethnicity, gender, age, and many other factors.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.

Division of Labor

The assignment of different parts of a manufacturing process or task to different individuals in order to improve efficiency.