Solved

Potential GDP Is a Measure of

Question 6

Multiple Choice

Potential GDP is a measure of


A) all the goods and services produced by an economy from its inception to the present.
B) the value of the goods and services that could be produced if the economy operated with all of its people employed.
C) the value of the goods and services that could be produced if the economy operated at the full capacity of its capital stock with its entire labor force fully employed.
D) the rate at which an economy's GDP could grow if its rate of investment is maximized.
E) the lowest level to which interest rates could fall and still maintain full employment.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents