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An Estimate for the Value of Potential GDP Can Be

Question 15

Multiple Choice

An estimate for the value of potential GDP can be generated by observing and recording


A) the economy's total supply of factors, their normal rates of utilization, and factor productivity.
B) the economy's total output, its total cost and demand for that output.
C) the economy's total supply of factors, the costs of those factors, and their productivity.
D) the total available capacity for production in the Canadian economy.
E) the level of actual GDP when the unemployment rate is zero.

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