This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain the relationship between potential GDP and real GDP in the United States since the early ... (Read 84 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jun 29, 2018
Explain the relationship between potential GDP and real GDP in the United States since the early 1960s. You do not need to tell what happened during any specific year; just describe the general relationship.
 
  What will be an ideal response?

Question 2

The implicit rental rate for capital includes the
 
  A) total value of a piece of capital equipment.
  B) interest income forgone by purchasing the piece of capital equipment.
  C) firm's normal profit.
  D) amount paid for the use of a piece of capital equipment owned by someone else.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

vickybb89

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

Potential GDP has grown over the period, albeit at a slower rate over the past 3 decades, while the level of real GDP has fluctuated around potential GDP throughout.

Answer to Question 2

B


Arii_bell

  • Hero Member
  • *****
  • Posts: 596
Reply #2 on: Jun 29, 2018
Thank you :)


vickybb89

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

This wheel presentation is helpful for the detection of potential amphipathic helices This wheel presentation is helpful for the detection of potential amphipathic helices
Marijuana Use and Binge Drinking in Emerging Adulthood Rates of most kinds of substance use peak in Marijuana Use and Binge Drinking in Emerging Adulthood Rates of most kinds of substance use peak in
Bilingualism in the United States Bilingualism in the United States
Relationship Between Training Intensity and VO2max Improvement Relationship Between Training Intensity and VO2max Improvement
Potential Interactions of Medications, Herbs, Nutrients, and Foods (2 of 2) Potential Interactions of Medications, Herbs, Nutrients, and Foods (2 of 2)
The early stages of transcription in prokaryotes The early stages of transcription in prokaryotes
Video: What is an ecosystem?

For a complete list of videos, visit our video library