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What Factors Increase Potential GDP? Include a Definition of Potential

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Essay

What factors increase potential GDP? Include a definition of potential GDP in your answer.


Definitions:

Cultural Evolution

The change over time of culturally transmitted beliefs, knowledge, customs, and technologies within a society or population.

Cultural Diffusion

The spread of cultural beliefs and social activities from one group to another.

Inventions

Novel creations or solutions that address specific problems or needs, often resulting in new products, services, or processes.

Interdependent Self-Construal

Viewing self primarily in terms of how one relates to others and contributes to the greater whole.

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