Potential GDP is
A) the maximum amount of GDP that can be produced while avoiding shortages of labour, capital, land, and entrepreneurship that would bring rising inflation.
B) the same as real GDP.
C) the same as nominal GDP.
D) equal to real GDP multiplied by the price level.
E) equal to nominal GDP multiplied by the price level.
Correct Answer:
Verified
Q123: Use the table below to answer the
Q124: At 2012 prices, the value of production
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Q126: The reference base year is 2013. To
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Q128: Real GDP
A)fluctuates from year to year but
Q129: Use the table below to answer the
Q130: What we produce during our working time
Q131: Use the table below to answer the
Q132: Use the table below to answer the
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