If the Labor and Capital Grow More Quickly, Then Real

question 8

Multiple Choice

If the labor and capital grow more quickly, then real GDP will

• A) stay fixed at potential GDP.
• B) grow more quickly.
• C) not grow fast enough.
• D) grow more slowly.

---

Definitions:

Loaded Terminology

Phrases or words that contain implicit meanings or emotions designed to influence the listener or reader’s view.

Economic Perspective

A viewpoint or analysis method which involves considering resource scarcity and the need for individuals and societies to make decisions on allocation.

Economic Perspective

A viewpoint that analyzes how individuals make decisions based on scarcity and the incentives that influence those decisions.

Marginal Costs

The uptick in full pricing incurred by the generation of another unit of a product or service.