Final answer:
Entrepreneurs drive the economy by creating goods and services for consumers, such as smartphones, which contribute to economic growth and efficiency.
Explanation:
Entrepreneurs play a vital role in the economy by seeking profits through organizing factors of production. They create goods and services that consumers purchase, contributing to the economy.
One example of a product created by an entrepreneur is the smartphone. By purchasing a smartphone, you contribute to the entrepreneur's profits and the economy. Smartphones have become essential in daily life, increasing productivity and efficiency, thus indirectly saving you money over time.
The sale of used textbooks in a campus bookstore affects GDP calculations positively as it represents economic activity, providing income to the sellers and supporting the overall economy.
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