Multiple Choice
In Gagaland, real GDP is $160 billion and potential GDP is $200 billion. Gagaland has a(n)
A) inflationary gap of $40 billion.
B) recessionary gap of $40 billion.
C) growth rate of 40 percent.
D) growth rate of 20 percent.
E) growth rate of 25 percent.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: During the first three quarters of 2015,
Q2: Non-market production includes household activities like cleaning,
Q3: Legalizing marijuana will cause real GDP to
Q4: Real GDP overestimates well-being because it does
Q6: If Canada has an annual average growth
Q7: If underground economic activities were included in
Q8: The sum of all value added equals
Q9: How much does the production of a
Q10: In 2015, Adanac produced 20 kilos of
Q11: Business cycles are fluctuations of real GDP