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Which of the Following Could Explain Why There Is an Increase

question 166

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Which of the following could explain why there is an increase in potential GDP but the equilibrium level of GDP does not rise?


Definitions:

Per Annum

Annually; indicating an amount or a statistical value per year.

Equivalent

Identical in worth, quantity, role, significance, and so forth.

Term Deposits

Fixed amount of money held at a financial institution for a fixed term, earning a guaranteed interest rate.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan based on the original principal amount and the interest rate, without compounding.

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