Potential GDP is
A) the level of GDP not adjusted for price changes.
B) achieved when all factors of production are fully employed.
C) always different from real GDP.
D) another name for real GDP.
Correct Answer:
Verified
Q177: Using the data in the above table,
Q178: Real GDP is
A) the value of total
Q179: Nominal GDP is
A) real GDP valued at
Q180: Of the following, which is correct?
A) Nominal
Q181: Which of the following is the best
Q183: Gross private domestic investment is a component
Q184: Potential GDP is
A) the level of GDP
Q185: gross domestic product is the value of
Q186: Suppose an economy has some inflation. Then,
Q187: Which of the following is NOT a
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