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Tidy Tidy
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Posts: 4852
9 years ago
Potential GDP refers to
A) the level of GDP attained when all firms are producing at capacity.
B) the level of GDP attained by the country with the highest growth in real GDP in a given year.
C) the difference between the highest level of real GDP per quarter and the lowest level of real GDP per quarter within any given year.
D) the extent to which real GDP is above or below nominal GDP.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 229 times
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SmooothSmoooth
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Posts: 5500
9 years ago
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9 years ago
No problemo Happy Dummy
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