Which of the following is true?
a. The GDP gap is the difference between full-employment real GDP and actual real GDP.
b. All of the answers are correct.
c. We desire economic growth because it increases the nation's standard of living.
d. Discouraged workers are a reason critics say the unemployment rate is understated.
e. Economic growth is measured by the annual percentage increase in a nation's real GDP.
b
Economics
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Which of the following is the central bank of the United States?
A) Comptroller of the Currency B) Treasury Department C) Federal Reserve System D) Office of the Budget
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The national debt is the difference between current government expenditures and taxes.
a. true b. false
Economics