A Country Reports That Its Actual Real GDP Is Greater

question 255

Multiple Choice

A country reports that its actual real GDP is greater than its potential GDP.It must be that

• A)an error was made when calculating actual real GDP.
• B)the price level is increasing.
• C)more workers decided to quit work in order to enjoy leisure time.
• D)the excess by which real GDP exceeds potential GDP is only temporary,and eventually real GDP will decrease to be equal to potential GDP.
• E)None of the above answers is correct because it is impossible for a country's real GDP to exceed its potential GDP.

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