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Intro to modeling potential GDP using factors of production
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Intro to modeling potential GDP using factors of production
1:22
About this lesson
Modelling with Potential GDP
- Quantity of labor employed
- Aggregate Production Function
- Aggregate Labor market
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Video 1 of 4
Intro to modeling potential GDP using factors of production
1 min
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Aggregate production function and labor market equilibrium
9 min
How labor supply and labor productivity drive potential GDP growth
9 min
Three reasons why labor productivity grows
5 min