Which of the Following Statement or Statements Are Correct About

Multiple Choice

Which of the following statement or statements are correct about potential GDP?
I.Actual real GDP equals potential GDP when the economy is at full employment.
Ii.Real GDP can be less than potential GDP.
Iii.When real GDP equals potential GDP,it also equals nominal GDP.

A) i only
B) ii only
C) ii and iii
D) i and ii
E) i,ii,and iii