Solved

How Do Economists Measure the Cost of Unemployment

Question 30

Multiple Choice

How do economists measure the cost of unemployment?


A) By the amount by which actual GDP exceeds potential GDP.
B) By the amount by which potential GDP exceeds actual GDP.
C) By the difference between real GDP and nominal GDP.
D) By the difference between GDP and real GNP.
E) By the total costs of unemployment benefits and welfare payments that have to be paid out.

Correct Answer:

verifed

Verified

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

Related Questions