When Determining Potential GDP, Economists Define the Workforce as Fully

question 26

Multiple Choice

When determining potential GDP, economists define the workforce as fully employed when

• A) each worker who wants to work has a job.
• B) each worker who has a job is working up to his or her full potential.
• C) the real wage is such that the demand and supply of labor are equal.
• D) all of the above.
• E) none of the above.

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Definitions:

Nonexclusive Sexuality

A sexual orientation where individuals may be attracted to more than one gender, not strictly heterosexual or homosexual.

Equally Attracted

A mutual feeling of attraction or interest at the same level between individuals.

Identical Twin

A sibling born from the same pregnancy who shares exactly the same genetic material as the other, as a result of a single zygote splitting into two.

Gay People

Individuals who are romantically or sexually attracted to members of the same sex.