The calculation of potential output in the United States has been complicated recently by problems in
A) calculating unemployment.
B) distinguishing real from nominal income.
C) calculating a high-employment,or long-run average,level unemployment rate.
D) measuring depreciation and,therefore,net national product.
Correct Answer:
Verified
Q3: The investment component of GDP includes
A)residential construction
Q4: The broadest measure of the aggregate price
Q5: Consumption expenditure includes
A)the production of consumption goods
Q6: Real gross national product is
A)the same as
Q7: National income is defined as gross national
Q9: The index that measures the change in
Q10: If the nominal GDP is $12,000 in
Q11: If the value of a price index
Q12: If real GDP exceeds potential GDP,this means
Q13: Inventory investment is
A)never positive.
B)often negative.
C)can be either
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