Other things equal, as the number of discouraged workers rises in an economy, the gap between potential and actual real GDP will widen

a. True
b. False
Indicate whether the statement is true or false

True

Economics

You might also like to view...

Which of the following is included in GDP calculations?

a. the college tuition paid to enroll in a course b. a check for $50 received on your birthday c. cash income received by a self-employed landscaper that is not reported to the IRS d. sales revenue received from a yard sale

Economics

In which case(s) does(do) a country's demand for loanable funds shift left?

a. both an increase in the budget deficit and capital flight b. an increase in the budget deficit, but not capital flight c. capital flight, but not an increase in the budget deficit d. neither an increase in the budget deficit nor capital flight

Economics