Which of the Following Statements About the GDP Gap Is

question 16

Multiple Choice

Which of the following statements about the GDP gap is not true?

• A) It widens during recessions and narrows down during expansions.
• B) When an economy's GDP gap equals zero, it operates on its production possibilities curve.
• C) It is a measure of output lost as a result of unemployment.
• D) There are more goods and services available in an economy as its GDP gap widens.
• E) It is equal to potential real GDP minus actual real GDP.

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Definitions:

Crossing Over

The process of exchange of genetic material between homologous chromosomes during meiosis, leading to new combinations of genes.

Independent Assortment

The principle explaining how different genes independently separate from one another when reproductive cells develop.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that are similar in shape, size, and gene content, one inherited from each parent.

Alleles

Forms of a gene with slightly different DNA sequences; may encode different versions of the gene’s product.