Which of the following is NOT a factor in determining potential output?
A) the supply of labour
B) labour productivity
C) the technology in current use
D) the number of consumers in the market

Question

Which of the following is NOT a factor in determining potential output?  
A) the supply of labour 
B) labour productivity 
C) the technology in current use 
D) the number of consumers in the market

Quizplus · Accepted Answer

The number of consumers in the market is not a factor in determining potential output. Potential output is a measure of the maximum amount that an economy can produce given its available resources and technology, and it is determined by factors such as the supply of labor, labor productivity, and the technology in current use. The number of consumers in the market does not directly affect an economy's production capacity.

Which of the Following Is NOT a Factor in Determining