The level of GDP that corresponds to full employment in the labor market is called
A)potential GDP
B)real GDP
C)nominal GDP
D)natural GDP
E)GDP per capita

Question

Quizplus · Accepted Answer

Potential GDP is the level of production that can be achieved when all available resources are fully employed, including labor. It is also referred to as the "full employment GDP". Therefore, this is the best choice for the question.

The Level of GDP That Corresponds to Full Employment in the Labor