Output in the Long Run Is Determined by Which of the Two

question 124

Multiple Choice

Output in the long run is determined by which of the two following factors when an economy operates at full employment?

• A) capital and supply
• B) imports and exports
• C) capital and labor
• D) the "real" GDP and purchases

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Definitions:

Anecdotally

Referring to information that is provided through personal stories or observations rather than through scientific analysis or hard evidence.

Sample Frame

The list or database from which a sample is drawn for research or statistical analysis, representing the population of interest.

Population

The total number of individuals within a specified area or group, often used in statistics and research.

Sample

A subset of a population selected for measurement, observation, or questioning to provide statistical information about the population.