Real GDP

question 187

Multiple Choice

Real GDP

• A) can be called potential GDP when it is adjusted for price changes.
• B) grows at a constant 3 to 4 percent per year.
• C) fluctuates around potential GDP.
• D) fluctuates from year to year but is always below potential GDP.

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Definitions:

Functionalism

A theoretical perspective in sociology and anthropology that interprets each part of society as contributing to the stability of the whole.

Social Darwinism

The application of Darwin's theory of natural selection to social, political, and economic issues, often used to justify political conservatism, imperialism, and racism.

Scientific Activity

The process of conducting systematic research to increase knowledge, utilizing empirical evidence and scientific methods.

Public Spaces

Areas that are open and accessible to people, including parks, streets, and public squares, serving as venues for interaction and community life.