The Supply of Real GDP Is a Function of

question 81

Multiple Choice

The supply of real GDP is a function of

• A)the total expenditures of consumers, investors and government.
• B)the quantities of labour, capital and the state of technology.
• C)only the state of technology.
• D)the sum of wages, salaries, corporate profits, rents and interest.

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Definitions:

Explicit Memory

Memory that requires intentional retrieval of past information and experiences.

Implicit Memory

A type of memory that allows people to perform tasks without conscious awareness of these previous experiences.

Explicit Memories

Facts and events that a person can actively remember on their own.

Conscious Memories

Memories that are easily recalled and explicitly known, forming part of our conscious experience.