When an Economy Experiences Sustained Growth in Real GDP

question 94

Multiple Choice

When an economy experiences sustained growth in real GDP,

• A)actual GDP is greater than potential GDP.
• B)actual GDP is less than potential GDP.
• C)potential GDP is likely to be increasing.
• D)factor prices are likely to be decreasing.
• E)wage rates will decrease slowly as factor-utilization rates decrease.

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Definitions:

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Information that is available or presented at the most appropriate or beneficial time, especially in decision-making contexts.

Structured Information

Organized data that is easily searchable and programmed by information systems, typically found in databases or other formatted repositories.

IT Infrastructure

The combination of hardware, software, network components, and services essential for the creation, functioning, and administration of a corporate IT infrastructure.