If Potential GDP for the First Quarter of 2013 =

question 32

Multiple Choice

If potential GDP for the first quarter of 2013 = $75.8 billion,and real GDP for the first quarter of 2013 = $80.3 billion,then the output gap was

• A) -5.9%.
• B) -5.6%.
• C) 5.6%.
• D) 5.9%.

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Definitions:

Approach-Avoidance Conflict

A psychological situation where a goal or event has both attractive and unattractive aspects, causing conflict.

Time-Saving Devices

Tools or gadgets designed to reduce the amount of time needed to complete a task or activity.

Loneliness

A sophisticated and typically negative feeling stemming from being alone or without company.

Isolation

The state of being separated from other people or groups, often leading to feelings of loneliness or social detachment.