In Any Year, Real GDP

question 383

Multiple Choice

In any year, real GDP

• A) must always be less than potential GDP.
• B) might be greater or less than potential GDP.
• C) will be greater than potential GDP if the inflation rate is positive.
• D) always equals potential GDP.

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Definitions:

Gene Pool

The complete set of unique genes in any population or species, representing genetic diversity.

Genetic Composition

The total genetic content, including all genes and their variations, present in an organism or a specific population of organisms.

Population

The total number of individuals or inhabitants in a specified area or group, often analyzed for demographic studies.

Earth's Size

A measure of the planet's dimensions, including its diameter and circumference.