Use the Figure Below to Answer the Following Questions

question 101

Multiple Choice

Use the figure below to answer the following questions.

Figure 26.3.5
-Refer to Figure 26.3.5. Potential GDP is

• A)$13 trillion.
• B)$13.5 trillion.
• C)more than $13 trillion and less than $13.5 trillion.
• D)less than $13 trillion.
• E)100

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Definitions:

Marginal Productivity

The additional output resulting from the use of one more unit of a factor of production, holding other factors constant.

Labor-saving

Technologies or methods that decrease the amount of work required to produce goods or services, often leading to increased efficiency.

Marginal Productivity

The additional output that results from using one more unit of a factor, holding all other inputs constant.

Labor-saving

Technologies or methods that reduce the amount of work required to produce goods or services, often leading to increased efficiency and productivity.