If Potential GDP for the Third Quarter of 2012 =

question 85

Multiple Choice

If potential GDP for the third quarter of 2012 = $20.4 billion,and the deviation from potential GDP for the third quarter of 2012 = -$1.6 billion,then the output gap was

• A) -7.8%.
• B) -12.8%.
• C) -18.8%.
• D) -32.6%.

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Definitions:

Emotional Support

The provision of reassurance, acceptance, and encouragement during times of stress.

Instrumental Aid

Assistance given to someone, often in practical or material form, to support them in achieving a task or overcoming a difficulty.

Appraisal

The process of assessing or evaluating the significance of something, often in terms of how it impacts one's emotions or stress levels.

Avoidance-Avoidance Conflict

A psychological conflict that arises when an individual must choose between two equally unattractive options or outcomes.