Which of the Following Is a Source of Growth in Potential

question 7

Multiple Choice

Which of the following is a source of growth in potential GDP?

• A) Growth in the labor force
• B) Growth in the capital stock
• C) Growth in labor productivity
• D) Reduced inflationary pressure from energy costs
• E) All but d

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Definitions:

Materials Requirement Plan (MRP)

A system for calculating the materials and components needed to manufacture a product, ensuring the right materials are available for production at the right time.

Independent Demand Items

Products for which demand is not influenced by the demand for other products, typically finished goods or spare parts.

Adaptive Manufacturing

A flexible approach to production that can be quickly adjusted in response to changing market demands or technological advancements.

Lean Manufacturing

A systematic method for waste minimization within manufacturing systems without sacrificing productivity.