The government's authority to take private property for public use is referred to in economics as a land grab

The tables above show the labor market and the production function schedule for the country of Pickett. An increase in population changes the labor supply by 20 billion hours at each real wage rate. Potential GDP ________

A) does not change B) decreases to $3 trillion C) increases to $50 trillion D) increases to $18 trillion

A trade surplus means:

A) the country has positive net savings, which it lends abroad. B) the country has negative net savings, which it lends abroad. C) the country has positive net savings, which it borrows from abroad. D) the country has negative net savings, which it borrows from abroad.