Question 32 3 pts Potential GDP refers to the extent to which real GDP is above or below nominal GDP. the level of GDP attained when all firms are producing at capacity. the difference between the highest level of real GDP per quarter and the lowest level of real GDP per quarter within any given year. the level of GDP attained by the country with the highest growth in real GDP in a given year. D Question 33 3 pts The only way the standard of living of the average person in a country can increase is if increases faster than production; population population; production population; GDP per capita population; income MacBook Pro