Potential GDP

question 116

Multiple Choice

Potential GDP

• A)is another name for real GDP.
• B)can never be attained.
• C)is the quantity of GDP produced when the economy is at full employment of all resources.
• D)is another name for nominal GDP.
• E)can never be exceeded.

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Definitions:

Studying

The act of devoting time and attention to acquiring knowledge on an academic subject, especially by means of books.

Blushing

A physiological response characterized by the reddening of the face due to emotional states such as embarrassment, shame, or modesty.

Positive Reinforcer

An incentive that, when applied following an action, heightens the probability of the action being repeated.

Negative Reinforcer

An unpleasant stimulus whose removal leads to an increase in the probability that a preceding response will be repeated in the future.