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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 8
Which of the following is true ?
A) The GDP gap is the difference between full employment real GDP and actual real GDP.
B) We desire economic growth because it increases the nation's real GDP.
C) Economic growth is measured by the annual percentage increase in a nation's real GDP.
D) Discouraged workers are a reason critics say the unemployment rate is understated.
E) All of the answers above are correct.
A) The GDP gap is the difference between full employment real GDP and actual real GDP.
B) We desire economic growth because it increases the nation's real GDP.
C) Economic growth is measured by the annual percentage increase in a nation's real GDP.
D) Discouraged workers are a reason critics say the unemployment rate is understated.
E) All of the answers above are correct.
Explanation
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The GDP gap or the output gap is the dif...
Economics for Today 9th Edition by Irvin Tucker
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