Examlex
Making a presentation to a city council asking that a new park be built, and asking council members to think about where they would like their children, grandchildren, etc., to play is using which strategy?
Gross Investment
The total amount of investment spent on new fixed investment plus replacement investment, without accounting for depreciation.
Net Investment
The total amount invested in buying new capital and replacing depreciated capital within a specific period.
Potential Output
The highest level of real GDP that can be sustained over the long term without increasing inflation, reflecting the maximum productive capacity of an economy.
Labor Force
The total number of people who are employed and unemployed but seeking work within an economy.
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