Which of the following statements is true?
A) Potential GDP fluctuates around real GDP.
B) Real GDP fluctuates around potential GDP.
C) When all of the economy's resources are fully employed, the value of production is called real GDP.
D) Potential GDP is the same as real GDP.
Correct Answer:
Verified
Q72: Potential GDP is
A)always different from real GDP.
B)another
Q73: Q74: Which of the following is true regarding Q75: The difference between gross investment and net Q76: A tonne of coal purchased by your Q78: The four categories of expenditure used by Q79: If we compare the U.S. GDP and Q80: Transfer payments are not included in GDP Q81: Personal consumption expenditures include Q82: A recession is commonly defined as a
A)the purchase of new
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