Multiple Choice
If real GDP exceeds potential GDP,this means that
A) output is below the level produced at the benchmark rate for high employment and high rate of resource utilization.
B) this cannot occur; the economy can never be at a point where real GDP exceeds potential GDP.
C) cyclical output is above what the economy can sustain in the long-run.
D) the economy is expanding.
Correct Answer:

Verified
Correct Answer:
Verified
Q47: Which of the following governmental expenditures are
Q48: The calculation of potential output in the
Q49: In 1996,an advisory commission,appointed by the Senate
Q50: What was the largest and most important
Q51: The largest component of GDP in the
Q52: Goods in the CPI inflation are weighted
Q53: Consumption expenditure includes<br>A)the production of consumption goods
Q54: The contemporary rate of unemployment that is
Q55: What is the relationship between real and
Q56: A new chain-weighted measure of real GDP<br>A)was