If Potential Output for an Economy Equals $8 Billion, and Actual

question 54

Multiple Choice

If potential output for an economy equals $8 billion, and actual output equals $7 billion, then this economy has a(n) :

• A)budget deficit.
• B)trade deficit.
• C)expansionary gap.
• D)recessionary gap.

---

Definitions:

High-stress Job

Occupations that involve high levels of pressure and responsibility, often leading to increased stress and burnout.

Challenges

Difficulties that require a significant effort or skill to overcome.

Conscientiousness

A personality trait characterized by organization, responsibility, and dependability.

Big Five

A personality model that outlines five broad dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.