Can actual real GDP exceed potential GDP? What will be an ideal ...

Author Question: Can actual real GDP exceed potential GDP? What will be an ideal ... (Read 37 times)

TFauchery

Hero Member
Posts: 500

on: Jun 29, 2018

Can actual real GDP exceed potential GDP?

What will be an ideal response?

Question 2

Which of the following is the best example of a good or service with an external benefit?

A) gasoline
B) education
C) garbage disposal
D) fertilizers
E) bread

apple

Sr. Member
Posts: 352

Reply #1 on: Jun 29, 2018

Answer to Question 1

Yes, actual real GDP temporarily can exceed potential GDP as the economy nears a business cycle peak.

Answer to Question 2

B

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