Real GDP
A) fluctuates from year to year but is always below potential GDP.
B) grows at a constant 3 percent per year.
C) fluctuates around potential GDP.
D) equals potential GDP when the price level is constant.
E) equals potential GDP in the base year.
Correct Answer:
Verified
Q123: Use the table below to answer the
Q124: At 2012 prices, the value of production
Q125: Use the table below to answer the
Q126: The reference base year is 2013. To
Q127: Use the table below to answer the
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
Q133: Potential GDP is
A)the maximum amount of GDP
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