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

question 82

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.The variations in the unemployment rate between 2007 and 2015 are likely due to variations in

• A)the NAIRU.
• B)frictional unemployment.
• C)structural unemployment.
• D)potential output.
• E)the output gap.

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Definitions:

Supply Chain Analytics

The use of data analysis tools and methodologies to analyze, model, and improve end-to-end supply chain processes and performance.

Seven Principles

Foundational guidelines or essential truths that govern or influence the operation or management of a system, process, or methodology.

Asset Utilization

The degree to which a company or an organization makes effective use of its assets in generating revenue or achieving its objectives.