The Table Below Shows Real GDP,potential GDP and the Unemployment

question 50

Multiple Choice

The table below shows real GDP,potential GDP and the unemployment rate for a hypothetical economy.
TABLE 30-3
-Refer to Table 30-3.In which year is the cyclical unemployment equal to 0.3%?

• A)2011
• B)2012
• C)2013
• D)2014
• E)2015

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Definitions:

Equity

The value that would be returned to shareholders if all the assets of a company were liquidated and all its debts paid off. It represents ownership interest in the company.

FIFO Method

A stock valuation and inventory management method where the first items acquired are the first ones to be sold, known as First-In, First-Out.

Inventory Costs

Costs associated with acquiring, storing, and managing inventory, including purchase costs, storage costs, and potential obsolescence.

Balance Sheet

A report detailing a firm's assets, liabilities, and equity held by shareholders at a particular moment.