Which of these is most likely to reduce the potential output of an economy?

a. An increase in the size of the labor force
b. A deterioration in the quality of the labor force
c. A decrease in the cost of using computers
d. A decrease in the price level
e. An increase in the price level

b

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If Year 1 is the base year, the growth of real GDP is approximately

A) 100%. B) 109.5%. C) 137.5%. D) 148%.

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