By Definition, Real GDP Can Never Be Above Potential GDP

question 97

True/False

By definition, real GDP can never be above potential GDP.

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Definitions:

U.S. Firm

A company or business that is registered and operates in the United States of America.

U.S. Dollars

The recognized monetary unit of the United States is represented by the symbol $.

Malaysian Ringgits

The currency of Malaysia, symbolized as RM, used for all financial transactions within the country.

U.S. Dollar Value

The worth of a good, service, or financial security denominated in terms of the United States dollar.