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:

Independent Variable

A condition in a scientific study that is manipulated so that its effects may be observed.

Experimenters

Individuals who conduct experiments, often in a scientific context, to test hypotheses and observe outcomes.

Unconscious Processes

Mental activities that occur without conscious awareness, influencing behaviors, thoughts, and feelings.

Erik Erikson

A developmental psychologist known for his theory on the psychosocial development of human beings across eight stages of life.