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:

Executive Branch

One of the three branches of government, responsible for implementing and administering public policy enacted by the legislative branch and interpreted by the judicial branch.

Legislative Branch

One of the three branches of government, responsible for making laws. In the United States, it is composed of the two houses of Congress: the Senate and the House of Representatives.

Mexican Immigrants

Individuals from Mexico who move to another country, often for better economic opportunities or to escape violence.