The Output Gap of Zero Indicates That

question 44

Multiple Choice

The output gap of zero indicates that

• A)nominal GDP is equal to Real GDP.
• B)GDP is equal to GNP.
• C)the balance between unemployment and inflation has been reached.
• D)actual real GDP is equal to natural real GDP.

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Definitions:

Monumental Structures

Large and significant buildings or constructs, often with historical, cultural, or architectural importance.

Central Governments

The primary governmental authority that governs an entire nation or state, responsible for making and enforcing laws at the national level.

Equality

The state or quality of being equal, especially in status, rights, and opportunities.

Civilization

In anthropology, societies in which large numbers of people live in cities, are socially stratified, and are governed by a ruling elite working through centrally organized political systems called states.