Multiple Choice
When an economy experiences sustained growth in real GDP,
A) potential GDP is likely to be increasing.
B) wage rates will decrease slowly as factor- utilization rates decrease.
C) factor prices are likely to be decreasing.
D) actual GDP is greater than potential GDP.
E) actual GDP is less than potential GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: An economy's stock of capital increases directly
Q2: Which of the following provides the best
Q3: Suppose GDP in an economy is $144
Q4: Consider the equation GDP = F ×
Q6: Relatively small annual changes in factor productivity
Q7: Which of the following may increase real
Q8: Potential GDP is defined as the level
Q9: GDP can be represented by the equation:
Q10: Long- run increases in potential GDP would
Q11: In the long run, changes to real