Potential GDP is estimated to grow at a rate of 3.2% in the United States. Actual GDP in the U.S
A) always grows at a slower rate than potential GDP.
B) is the same as potential GDP if all firms in the economy were working at capacity.
C) always grows at the same rate as potential GDP.
D) always grows at a faster rate than potential GDP.
B
Economics
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If the average cost of flying the next flight is zero and one passenger is on the plane and has paid $50, should the next flight be flown?
A) Yes. B) No. C) Can't tell from the data provided. D) The plane should wait for at least one more passenger.
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Which of the following is an example of a public good?
A) a box of bath tissues B) a public bus C) an ice cream cone D) street signs
Economics