Choose which statement is most correct. A) Real GDP can never exceed potential GDP. B) Real...
Choose which statement is most correct.
A) Real GDP can never exceed potential GDP.
B) Real GDP must always equal potential GDP.
C) At times, real GDP can exceed potential GDP.
D) Nominal GDP can never exceed potential GDP.
E) Nominal GDP must always equal potential GDP.
Homework Answers
It can be mentioned that real GDP can never exceed potential GDP is the correct answer because potential GDP is is the maximum GDP that a form can produce with its capacity under stable conditions that is target inflation and if it reaches the potential GDP and unemployment is natural rate and therefore it can never exceed potential GDP
Therefore (A) is the answer to the question
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Choose which statement is most correct.
A) Real GDP can never exceed potential GDP.
B) Real...
choose the correct statement real gdp grows at a smoother rate than potential gdp grow Choose...
choose the correct statement real gdp grows at a smoother rate
than potential gdp grow
Choose the correct statement. O A. Real GDP grows at a smoother rate than potential GDP grows. OB. Economic growth is illustrated as a movement along the PPF. OC. The return to full employment in an expansion phase of the business cycle is economic growth. OD. A return to full employment in a business cycle expansion is shown as a movement from inside the PPF...
Actual aggregate expenditure is Select one: a. always equal to real GDP. b. only equal to...
Actual aggregate expenditure is Select one: a. always equal to real GDP. b. only equal to real GDP at the equilibrium level of aggregate planned expenditure. c. never less than real GDP but can be greater than real GDP. d. never greater than real GDP but can be less than real GDP.
Exhibit 23-1 real GDP real GDP Potential GDP g e h d AB C D E...
Exhibit 23-1 real GDP real GDP Potential GDP g e h d AB C D E F G H - Time Reference: Ref 11-1 According to Exhibit 23-1, which of the following best explains the change in real GDP from year B to year D? The available supply of labor fell. Foreign countries must have decided to purchase more U.S. goods. The government must have cut taxes. Consumers must have become more optimistic. Firms must have become more pessimistic.
During the great depression , our unemployment has been consistently higher than normal, real GDP was:...
During the great depression , our unemployment has been consistently higher than normal, real GDP was: ( choose one) a) decreasing over time b) increasing over time c) higher than potential real GDP d) lower than potential nominal GDP e) lower than potential real GDP
13. If nominal GDP is growing at a higher rate than real GDP, one can cong...
13. If nominal GDP is growing at a higher rate than real GDP, one can cong a. The price level must be rising b. The price level must be falling c. Real output must be declining d. No conclusion can be reached relative to real output or the price level
1. Which of the following measures a nation's standard of living? e A. real GDP B....
1. Which of the following measures a nation's standard of living? e A. real GDP B. real GDP per person C. nominal GDP D. nominal GDP per person 2. Last year, real GDP in Oceania was $620 billion and the population was 2.3 million. The year before, real GDP W $502.0 billion and the population was 2.0 million. What was the approximate growth rate of real GDP per person A. 16 percent B. 13 percent C. 10 percent D. 7...
QUESTION 14 Nominal GDP Real GDP Time 0 Refer to the diagram. Which of the following...
QUESTION 14 Nominal GDP Real GDP Time 0 Refer to the diagram. Which of the following statements is correct? as grown in this economy, but nominal GDP has not. Nominal GDP must be deflated in each year since 2000 to determine real GDiP Nominal GDP must be deflated in each year prior to 2000 to determine real GDP 2 O The price index is greater than 100 for every year shown on the graph.
Which measure of inflation means most to U.S. households? A the CPI B the GDP deflator...
Which measure of inflation means most to U.S. households? A the CPI B the GDP deflator C the PPI Deflation occurs when the average level of prices A falls rises Between 2001 and 2008, which country experienced very rapid hyperinflation? The velocity of money is usually A constant (fixed) B stable and predictable C volatile and unpredictable Inflation is A always and everywhere a monetary phenomenon B moderate or non-existent under commodity-money standards C both A and B are true...
Which of the following statements is most correct?
Which of the following statements is most correct? a. Assume that the required rate of return on a given stock is 13 percent. If the stock's dividend is growing at a constant rate of 5 percent, its expected dividend yield is 5 percent as well. b. The dividend yield on a stock is equal to the expected return less the expected capital gain c. A stock's dividend yield can never exceed the expected growth rate. d. All of the answers above are correct. e. Answers...
1. If nominal GDP in 2016 equals to $4,500 and real GDP for the year is...
1. If nominal GDP in 2016 equals to $4,500 and real GDP for the year is $4,000 (in 2009 dollars), The GDP deflator in 2016 is and the rate of inflation since 2009 is a. 112.5, 12.5 percent. b. 88.9,-11.1 percent 12.5, insufficient information for the calculation of the rate of inflation. 11.1, insufficient information for the calculation of the rate of inflation. c. d. 2. Actual GDP is run. a. above, above b. below; below c. below; above d....
choose the correct statement real gdp grows at a smoother rate
than potential gdp grow
Choose the correct statement. O A. Real GDP grows at a smoother rate than potential GDP grows. OB. Economic growth is illustrated as a movement along the PPF. OC. The return to full employment in an expansion phase of the business cycle is economic growth. OD. A return to full employment in a business cycle expansion is shown as a movement from inside the PPF...
Actual aggregate expenditure is Select one: a. always equal to real GDP. b. only equal to real GDP at the equilibrium level of aggregate planned expenditure. c. never less than real GDP but can be greater than real GDP. d. never greater than real GDP but can be less than real GDP.
Exhibit 23-1 real GDP real GDP Potential GDP g e h d AB C D E F G H - Time Reference: Ref 11-1 According to Exhibit 23-1, which of the following best explains the change in real GDP from year B to year D? The available supply of labor fell. Foreign countries must have decided to purchase more U.S. goods. The government must have cut taxes. Consumers must have become more optimistic. Firms must have become more pessimistic.
13. If nominal GDP is growing at a higher rate than real GDP, one can cong a. The price level must be rising b. The price level must be falling c. Real output must be declining d. No conclusion can be reached relative to real output or the price level
1. Which of the following measures a nation's standard of living? e A. real GDP B. real GDP per person C. nominal GDP D. nominal GDP per person 2. Last year, real GDP in Oceania was $620 billion and the population was 2.3 million. The year before, real GDP W $502.0 billion and the population was 2.0 million. What was the approximate growth rate of real GDP per person A. 16 percent B. 13 percent C. 10 percent D. 7...
QUESTION 14 Nominal GDP Real GDP Time 0 Refer to the diagram. Which of the following statements is correct? as grown in this economy, but nominal GDP has not. Nominal GDP must be deflated in each year since 2000 to determine real GDiP Nominal GDP must be deflated in each year prior to 2000 to determine real GDP 2 O The price index is greater than 100 for every year shown on the graph.
Which measure of inflation means most to U.S. households? A the CPI B the GDP deflator C the PPI Deflation occurs when the average level of prices A falls rises Between 2001 and 2008, which country experienced very rapid hyperinflation? The velocity of money is usually A constant (fixed) B stable and predictable C volatile and unpredictable Inflation is A always and everywhere a monetary phenomenon B moderate or non-existent under commodity-money standards C both A and B are true...
1. If nominal GDP in 2016 equals to $4,500 and real GDP for the year is $4,000 (in 2009 dollars), The GDP deflator in 2016 is and the rate of inflation since 2009 is a. 112.5, 12.5 percent. b. 88.9,-11.1 percent 12.5, insufficient information for the calculation of the rate of inflation. 11.1, insufficient information for the calculation of the rate of inflation. c. d. 2. Actual GDP is run. a. above, above b. below; below c. below; above d....
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