In 2011, Real GDP in the United States Was Below

question 102

Multiple Choice

In 2011, real GDP in the United States was below potential GDP. This fact definitely means that

• A)the unemployment rate was near 10 percent.
• B)the unemployment rate was above the natural unemployment rate.
• C)the economy was in an expansion.
• D)cyclical unemployment had been decreasing.
• E)frictional unemployment was negative.

---

Definitions:

Tithe

A tax or levy, traditionally one tenth of a person's income, paid to support the church or clergy.

Duke of Guise

A title in the French nobility, historically significant for its holders' roles in the Wars of Religion and the Catholic League in France.

Henry of Navarre

King Henry IV of France, known for his role in ending the French Wars of Religion through the Edict of Nantes.

Henry III

King of England from 1216 until his death in 1272, known for his long reign, conflicts with nobility, and role in the development of parliament.