Suppose Real GDP Is $14 Trillion and Potential Real GDP

question 306

Multiple Choice

Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion.An increase in government purchases of $400 billion would cause real GDP to ________ potential real GDP (assuming a constant price level) .

• A)equal
• B)be less than
• C)be more than
• D)There is insufficient information given here to draw a conclusion.

Familiarize with Excel's data formatting symbols and their applications.

Understand the functionality and application of formulas and functions in Excel.

Recognize and utilize Excel's charting capabilities to represent data visually.

Identify and apply Excel's view and magnification features for better worksheet management.

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