Potential GDP is
A) the amount of real GDP that the economy would produce if it were at full employment of all resources.
B) another name for real GDP.
C) the value of the maximum amount of output that can be produced at any given time.
D) the amount of real GDP that the economy would produce if all unemployment was cyclical unemployment.
E) the amount of real GDP that the economy would produce if the unemployment rate was zero.
Correct Answer:
Verified
Q139: The labor force consists of
A)the number of
Q140: Structural unemployment includes people who become unemployed
Q141: In fall 2009, the population of the
Q142: In the United States, over the past
Q143: The labor force participation rate is equal
Q144: In the United States, the percentage of
Q145: The unemployment that fluctuates over the business
Q146: Full employment occurs when the
A)structural unemployment rate
Q147: In calculating the unemployment rate, part-time workers
Q149: Who is cyclically unemployed?
A)Samantha, who quit her
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