Growth in Potential Output Would Occur When

question 33

Multiple Choice

Growth in potential output would occur when:

• A) a society acquires new resources
• B) a society learns to produce more using existing resources
• C) the society begins to produce the combination of goods society wants most
• D) both A and B

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Definitions:

Line Graph

A type of chart used to visualize changes over time by plotting data points connected by straight line segments.

Number Of Customers

Refers to the total count of individual clients or consumers that purchase or engage with a business's products or services.

Stem-and-Leaf Plot

A graphical method used to display quantitative data where each data point is split into a "stem" (the leading digit(s)) and a "leaf" (the last digit).

Quantitative Data

Numerical data that represent quantities or measurable amounts and enable mathematical operations and statistical analysis.