The Following Table Shows Real GDP and Potential Real GDP

question 87

Multiple Choice

The following table shows real GDP and potential real GDP for the years 2005-2015. Refer to this table when answering the following questions.
Table 10.1 ($ billions) (Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-About how much did short-run output fluctuations equal in 2005 and 2009, respectively?

• A) -0.3 percent; -2.4 percent
• B) 0.22 percent; -6.4 percent
• C) -33 percent; 323.1 percent
• D) 86.1 percent; 83.8 percent
• E) Not enough information is given.

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Definitions:

Group Polarization

Group polarization occurs when the attitude of a group becomes more extreme than the initial inclination of its members after group discussions.

Group Polarization

The effect where the dominant opinions or convictions of a group intensify or become more radical after discussions among its members.

Deindividuation

A psychological state where an individual loses self-awareness and a sense of individuality, often in group contexts, leading to uninhibited behavior.

Social Facilitation

The tendency for people to perform differently when in the presence of others, usually improving on simple tasks and doing poorly on complex tasks.