Multiple Choice
If real GDP increases from $14.8 trillion one year to $14.9 trillion in the next year, which will be true?
A) the GDP gap has probably become smaller
B) economic growth is below the long-term trend rate
C) economic growth is above the long-term trend rate
D) economic growth is about the same as the long-term trend rate
E) both A and C
Correct Answer:
Verified
Correct Answer:
Verified
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