Potential GDP Is

question 113

Multiple Choice

Potential GDP is

• A)the value of the maximum amount of output that can be produced at any given time.
• B)the amount of real GDP that the economy would produce if it were at full employment of all resources.
• C)another name for real GDP.
• D)the amount of real GDP that the economy would produce if the unemployment rate was zero.
• E)the amount of real GDP that the economy would produce if all unemployment was cyclical unemployment.

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