Which of the Following Is Most Likely to Increase the Potential

question 166

Multiple Choice

Which of the following is most likely to increase the potential output of an economy?

• A) a decline in the length of the average work week
• B) an increase in the supply of educated and skilled workers
• C) a drought
• D) an increase in aggregate demand
• E) an increase in the minimum wage received by workers

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Definitions:

GDP

Gross Domestic Product, which measures the market value of all final goods and services produced within a country in a given period.

Clean Economy

An economy that produces goods and services with environmental benefit.

Chief Sustainability Officer

A corporate executive responsible for integrating and managing an organization’s sustainable practices, ensuring environmental, social, and economic viability.

Energy-efficiency

The goal or method of reducing the amount of energy required to provide products and services.