Potential GDP Is Also Referred to as

question 16

Multiple Choice

Potential GDP is also referred to as

• A)realized GDP.
• B)full-employment GDP.
• C)politico-economic GDP.
• D)balanced-budget GDP.

Know the central city-states that contributed to the artistic developments of the High Renaissance.

Associate major High Renaissance works with their respective artists.

Understand the significance of architectural commissions in reinforcing the power and piety of patrons.

Identify the inspirations behind Renaissance artworks and their connections to earlier traditions or themes.

---

Definitions:

Operating Profit

Income from business operations after operating expenses are subtracted from gross profits, but before taxes and interest expenses.

Operating Expense

ongoing costs for running a product, business, or system.

Operating Profit

The earnings of a business from its core operations, excluding the effects of interest and taxes.

Mark-up

The surplus added onto the base cost of products intended to cover operational costs and generate profit.