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a society can increase its potential as follow 1 increase in productivity 2 increase in investment 3 inprove on man-power development
Wiki User
∙ 11y ago
Wiki User
∙ 8y agoA nation can increase production possibilities by not trading with countries that we are in war with and keeping to ourselves.
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Difference between actual output and potential output of an economy?
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!
If actual output exceeds potential output eventually what will happen?
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.
What is potential output in macroeconomics?
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.
If the equilibrium output is below potential output?
This is known as the recessionary gap
What are the imports in industry to increase output and perhaps exports?
what are the imports in indusrty to increase output and perphaps exports
What is important role of superconductor in computer?
Superconductors have the potential to drastically increase computer performance. They can increase the data transfer rates while reducing heat output.
Difference between actual output and potential output of an economy?
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!
If actual output exceeds potential output eventually what will happen?
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.
What is output of pH?
pH is a potential, with no unit, it has no input and no output.
What is potential output in macroeconomics?
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.
How can you increase the work output of a machine?
the only way to increase the work output is to increase the amount of work you put into the machine.
If the equilibrium output is below potential output?
This is known as the recessionary gap
What do you refer to when actual output is higher than potential output?
expansionary output gap has occured.
What are the imports in industry to increase output and perhaps exports?
what are the imports in indusrty to increase output and perphaps exports
What is the definition of contractionary gap?
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.
What will happen if you increase the mass of an object what will the potential energy do?
If you increase the mass of an object, the potential energy will increase.
What output can never be greater than?
potential
