How many times is GDP for a particular quarter estimated?
A) once
B) twice
C) three times
D) more than three times
D
Economics
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A recessionary gap occurs when ________ so that real GDP is ________ potential GDP
A) aggregate demand decreases; less than B) aggregate supply decreases; less than C) potential GDP decreases; greater than D) aggregate demand increases; greater than E) aggregate supply increases; less than
Economics
The mental and physical capacity of workers to produce goods and services is known as:
A. labor. B. entrepreneurship. C. value judgment. D. product sensitivity.
Economics
Scarcity
What will be an ideal response?
Economics
Which of the following is the largest component of the GDP?
A. consumption expenditures B. government purchases C. net exports D. investment
Economics