The Relationship Between Real GDP and Potential GDP Over the Business

question 18

Multiple Choice

The relationship between real GDP and potential GDP over the business cycle can be best summarised by which of the following statements?

• A) Real GDP cannot be greater than potential GDP.
• B) Real GDP cannot be less than potential GDP.
• C) Real GDP cannot be equal to potential GDP.
• D) Real GDP is always equal to potential GDP.
• E) Real GDP fluctuates around potential GDP.

Understand ethical concerns related to content curation and user-generated content.

Grasp the concept of crowdspeaking and its application in amplifying messages.

Recognize the impact of social media on understanding target markets and customer needs.

Understand the role of a community manager and the significance of maintaining an authentic online personality.

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Definitions:

Informational Social Influence

The influence of others that leads an individual to conform because they believe the group is competent and has the correct information, especially in ambiguous situations.

Normative

Relating to an ideal standard or model, or being based on what is considered to be the normal or correct way of doing something.

Perceptual

Relating to the ability to interpret or become aware of something through the senses.

Disruptive

Causing or tending to cause disruption; interrupting the normal course or unity of something, often leading to innovation or change.