In Macroland,potential GDP Equals $500 Billion and Actual GDP Equals

question 79

Multiple Choice

In Macroland,potential GDP equals $500 billion and actual GDP equals $450 billion.Macroland has a(n) _________ gap equal to __________% of potential GDP.

• A) expansionary;10
• B) expansionary;11
• C) recessionary;11
• D) recessionary;10
• E) recessionary;50

---

Definitions:

Stateless

Referring to a person or group that does not have the citizenship of any state or government, often lacking certain legal protections.

Transnational Companies

Businesses that operate across national borders, maintaining significant operations in multiple countries.

Political Implications

The potential effects or consequences that political decisions, events, or environments have on an individual, organization, or country.

Economic Implications

The financial or economic consequences or outcomes resulting from a specific action, policy, or event.