In the figure above, potential GDP equals
A) $15.5 trillion.
B) $16.0 trillion.
C) $16.5 trillion.
D) None of the above answers is correct.
B
Economics
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If the real interest rate is 4 percent and the inflation rate is 3 percent, then the nominal interest rate is
A) -1 percent. B) 1 percent. C) 3.5 percent. D) 7 percent.
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Government policy that decreases the value of its currency _________
a. is called devaluation b. is called an import control c. appreciates the exchange rate d. is helpful to importers e. is harmful to exporters
Economics