Which of the following is true? a. The GDP gap is the difference between full-employment real GDP

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Which of the following is true?

a. The GDP gap is the difference between full-employment real GDP and actual real GDP.

b. We desire economic growth because it increases the nation's standard of living.

c. Economic growth is measured by the annual percentage increase in a nation’s real GDP.

d. Discouraged workers are a reason critics say that the unemployment rate is understated.

e. All of the above.

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Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

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