menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 68
  4. Exam
    Exam 9: Business Cycles, Unemployment, and Inflation
  5. Question
    If Potential GDP Is $400 Billion and There Is a Negative
Solved

If Potential GDP Is $400 Billion and There Is a Negative

Question 120

Question 120

Multiple Choice

If potential GDP is $400 billion and there is a negative GDP gap of $15 billion, actual GDP is


A) $415 billion.
B) $385 billion.
C) $15 billion.
D) $785 billion.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q115: Which of the following groups declares the

Q116: The GDP gap measures the amount by

Q117: Recently, a labor union argued that the

Q118: Most economists agree that the immediate determinant

Q119: In Year 1, the price level was

Q121: If actual GDP is $340 billion and

Q122: If actual GDP is less than potential

Q123: If the average level of nominal income

Q124: Suppose there are 10 million part-time workers

Q125: <span class="ql-formula" data-value="\begin{array} { | l |

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines