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If Potential GDP for the Third Quarter of 2013 =

question 57

Multiple Choice

If potential GDP for the third quarter of 2013 = $20.4 billion,and the deviation from potential GDP for the third quarter of 2013 = $1.6 billion,then real GDP for the third quarter of 2013 equals

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Definitions:

Compounded Quarterly

The process where interest is added to the principal sum of a deposit or loan every quarter, so that the added interest also earns interest from then on.

Final Payment

The last payment made to settle the balance of a financial obligation, such as a loan or mortgage.

Borrower

An individual, company, or institution that receives funds from a lender under the condition of paying back the borrowed amount plus interest.

Compounded Monthly

Interest calculated monthly on the principal sum plus previously earned interest.

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