-Using the data in the above table,if potential GDP for this economy is $25 billion,then at the present moment real GDP is
A)less than potential GDP.
B)equal to potential GDP.
C)greater than potential GDP.
D)at the full-employment level of output.
E)not comparable to potential GDP.

Question

-Using the data in the above table,if potential GDP for this economy is $25 billion,then at the present moment real GDP is
A)less than potential GDP. 
B)equal to potential GDP. 
C)greater than potential GDP. 
D)at the full-employment level of output. 
E)not comparable to potential GDP.

Quizplus · Accepted Answer

The question implies that real GDP is currently less than potential GDP, as it asks about the present moment in relation to the potential GDP of $25 billion.

-Using the Data in the Above Table,if Potential GDP for This