Potential GDP

question 146

Multiple Choice

Potential GDP

• A)is the quantity of GDP produced when the economy is at full employment of all resources.
• B)can never be exceeded.
• C)can never be attained.
• D)is another name for real GDP.
• E)is another name for nominal GDP.

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Definitions:

Closing

The process of completing a transaction or finalizing accounts at the end of an accounting period.

Push Strategy

A marketing strategy that involves taking the product directly to the customer via whatever means, ensuring the customer is aware of your brand at the point of purchase.