If the Quantity of Real GDP Supplied Equals the Quantity

question 72

Multiple Choice

If the quantity of real GDP supplied equals the quantity of real GDP demanded,then

• A)nominal GDP must equal real GDP.
• B)real GDP must equal potential GDP.
• C)real GDP must be greater than potential GDP.
• D)real GDP might be greater than,equal to,or less than potential GDP.
• E)real GDP must be less than potential GDP.

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Definitions:

Total Asset Turnover

A financial benchmark that quantifies how resourcefully a company employs its assets to achieve sales revenue.

Profit Margin

A financial ratio indicating the percentage of revenue that exceeds the costs associated with making or buying the goods sold.

Gross Margin Ratio

A financial metric showing the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company’s core operations.

Profit Margin

Profit Margin indicates the percentage of revenue that remains as profit after all expenses are deducted, showcasing a company's efficiency in generating profit from sales.