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Your economy is estimated to be producing about $800-billion-worth of goods and services this year. However, your official statisticians estimate that if all resources were
Your economy is estimated to be producing about $800-billion-worth of goods and services this year. However, your official statisticians estimate that if all resources were fully-employed, it could produce about $1000 billions. The figure 0.8 (or 80%) therefore indicates: Select one: O a. A budget surplus. O b. None of the answers listed is correct. O c. The degree of capacity utilisation. O d. The savings ratio. O e. The level of unemployment
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