Consider the Following Statement: "Real GDP and Potential GDP Are

question 33

Essay

Consider the following statement: "Real GDP and potential GDP are always equal." Is this statement true or false? Explain your answer.

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Definitions:

Nativism

The theory that certain skills or abilities are "native" or hardwired into the brain at birth.

Constitutional Factors

Physical and genetic characteristics of an individual that influence his or her biological functioning.

Acquisition

The act of gaining possession or knowledge of something.