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:

Immigration Rates

The frequency or number of individuals moving into a region or country from another region or country.

Extinction Rates

The speed at which species become extinct over a certain period of time, often accelerated by human activities.

Resource Partitioning

A concept in ecology where species adapt to compete less directly for environmental resources, often by specializing in different niches or times for activity.

Predators

Organisms that hunt and feed on other organisms for survival.