In Any Year, Real GDP

question 37

Multiple Choice

In any year, real GDP

• A)must always be less than potential GDP.
• B)might be greater than, less than, or equal to potential GDP.
• C)will always be greater than potential GDP because of the tendency of nations to incur inflation.
• D)always equals potential GDP.
• E)increases if potential GDP increases, and decreases if potential GDP decreases.

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Definitions:

Residential Schools

Institutions as part of a government-sponsored effort, particularly in Canada, to assimilate Indigenous children into the dominant culture, often resulting in cultural disruption and abuse.

Canadian Government

The political system of Canada, characterized by its parliamentary democracy and constitutional monarchy.

Indigenous Child

A child belonging to the original inhabitants of a region or country before colonization or settling of other groups.

Foster Family

A household in which children are raised by individuals other than their biological parents, often as part of a formal arrangement with a child welfare system.