When an Economy Experiences Sustained Growth in Real GDP

question 94

Multiple Choice

When an economy experiences sustained growth in real GDP,

• A)actual GDP is greater than potential GDP.
• B)actual GDP is less than potential GDP.
• C)potential GDP is likely to be increasing.
• D)factor prices are likely to be decreasing.
• E)wage rates will decrease slowly as factor-utilization rates decrease.

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Definitions:

American Christianity

A diverse expression of Christianity in the United States reflecting the country's cultural heterogeneity and history of religious freedom.

Transportation

The movement of goods or people from one location to another through various means such as roads, railways, airways, waterways, and pipelines, which is essential for commerce and daily life.

Communication

involves the process of exchanging information, ideas, thoughts, and messages through written, verbal, or nonverbal means.