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