Real GDP

question 72

Multiple Choice

Real GDP

• A) fluctuates from year to year but is always below potential GDP.
• B) fluctuates around potential GDP.
• C) grows at a constant 3 to 4 percent per year.
• D) can be called potential GDP when it is adjusted for price changes.

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Definitions:

Social And Cultural Rules

Norms and guidelines that govern behaviors within societies and groups, often dictating what is considered acceptable or taboo.

Hans Selye

A Hungarian-Canadian endocrinologist who is recognized for his research on the effects of stress on the human body and for developing the concept of the General Adaptation Syndrome.

Chronic Hypertension

A condition where an individual has persistently high blood pressure over a long period, often leading to health complications.

Exhaustion Phase

The final stage of the body's response to prolonged stress, characterized by depleted energy reserves and diminished resistance to illness.