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Aggregate Demand and Supply · Semester 2

What Determines a Nation's Production Capacity?

Understanding the factors that determine how much a country can produce, such as its resources, technology, and workforce.

Key Questions

  1. What are the key ingredients a country needs to produce goods and services?
  2. How do new technologies or a more skilled workforce affect a country's ability to produce?
  3. Discuss how Singapore's limited land and natural resources influence its production.

MOE Syllabus Outcomes

MOE: Macroeconomic Aims - Middle School
Level: JC 1
Subject: Economics
Unit: Aggregate Demand and Supply
Period: Semester 2

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