The relationship between real GDP and potential GDP is that
A) real GDP fluctuates about potential GDP.
B) real GDP always equals potential GDP.
C) real GDP never equals potential GDP.
D) real GDP is always below potential GDP.
Correct Answer:
Verified
Q187: Which of the following is NOT a
Q188: Potential GDP is the
A) value of production
Q189: Potential GDP
A) measures the actual production from
Q190: In years with inflation, nominal GDP increases
Q190: In any year, real GDP
A) will always
Q191: The base- year method of calculating real
Q193: When all of the economy's resources are
Q194: Economists distinguish real GDP from nominal GDP
Q196: Real GDP measures the
A) general upward drift
Q197: Real Gross Domestic Product is
A) the value
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