What Is Potential GDP

question 157

Multiple Choice

What is potential GDP?

• A)It is the level of real GDP in the long run.
• B)It is the difference between current GDP and maximum GDP.
• C)It is the level of real GDP in the short run.
• D)It is the level of GDP at which inflation is constant.
• E)It is the maximum output possible in a period of time.

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Definitions:

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The principle of ensuring fairness and equality in job conditions, rewards, and opportunities across all employees.

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