a society can increase its potential as follow 1 increase in productivity 2 increase in investment 3 inprove on man-power development
A nation can increase production possibilities by not trading with countries that we are in war with and keeping to ourselves.
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
According to the theories of macroeconomics, if actual output exceeds potential output, then the output will continue to grow as the price of inputs continues to fall.
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
This is known as the recessionary gap
what are the imports in indusrty to increase output and perphaps exports
Superconductors have the potential to drastically increase computer performance. They can increase the data transfer rates while reducing heat output.
Actual output is the "real" GDP ( gross domestic product). potential output is the targeted output set by the government. the difference between the actual and potential output is UNDEREMPLOYMENT!
According to the theories of macroeconomics, if actual output exceeds potential output, then the output will continue to grow as the price of inputs continues to fall.
pH is a potential, with no unit, it has no input and no output.
Potential output is the capacity to produce should all factors be employed in an economy. For example, it is the output should there be no unemployment, no spare labour and no spare capital. It is unlikely that actual output will be the same as potential ouput since there is always unemployment.
the only way to increase the work output is to increase the amount of work you put into the machine.
This is known as the recessionary gap
expansionary output gap has occured.
what are the imports in indusrty to increase output and perphaps exports
A contractionary gap occurs when an economy's actual output is less than its potential output. This leads to high unemployment and underutilization of resources. Policymakers may implement contractionary monetary or fiscal policies to close this gap and bring the economy back to full employment.
If you increase the mass of an object, the potential energy will increase.
potential