Examlex
If real GDP is less than potential GDP,which of the following fiscal policies would increase real GDP?
Inputs to Outputs
The process of transforming resources or inputs (such as labor, capital, and materials) into products or services (outputs) in a production system.
R&D
Research and Development; activities undertaken by companies to innovate and develop new products or services.
Immediate Environment
The direct surroundings and conditions in which an organization operates, including factors that have immediate impact on its performance and decision-making processes.
Larger Environment
The broader context or setting in which something exists or occurs, including social, economic, and ecological factors.
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