Economists Refer to Full-Employment Output As

question 9

Multiple Choice

Economists refer to full-employment output as:

• A) gross domestic product (GDP) per capita.
• B) natural GDP.
• C) real GDP.
• D) nominal GDP.
• E) potential GDP.

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Definitions:

Collective

Pertaining to a group acting as a whole, often highlighting the shared or joint efforts and outcomes.

Relational

Pertaining to the way in which two or more concepts, objects, or people are connected.

Group Socialization

The process by which individuals learn and adapt to the norms, values, and behaviors necessary to function within a group.

Social Norms

The unwritten rules and expectations about appropriate behavior that guide individual actions in social situations and groups.