Potential GDP Is

question 50

Multiple Choice

Potential GDP is

• A)the maximum amount of GDP that can be produced while avoiding shortages of labour, capital, land, and entrepreneurship that would bring rising inflation.
• B)the same as real GDP.
• C)the same as nominal GDP.
• D)equal to real GDP multiplied by the price level.
• E)equal to nominal GDP multiplied by the price level.

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Definitions:

Alcoholism

A severe form of alcohol abuse characterized by an inability to manage drinking habits and a high or compulsive dependence on alcohol.

Erectile Disorder

A sexual dysfunction characterized by the consistent inability to maintain an erection sufficient for satisfactory sexual activity.

Physiological Origin

Refers to the biological basis or causes of a bodily function or characteristic.

Product Line

A group of related products under a single brand offered by a company.