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Author Question: A typical consumer of health care in the United States A) does not pay the full price of his or ... (Read 55 times)

jrubin

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on: Jun 29, 2018
A typical consumer of health care in the United States
 
  A) does not pay the full price of his or her health care.
  B) does not pay any of the price of his or her health care.
  C) pays more than the full price of his or her health care.
  D) pays the full price of his or her health care.

Question 2

What determines potential GDP?
 
  What will be an ideal response?


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chloejackso

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Potential GDP is determined from the labor market equilibrium. When the labor market is in equilibrium, there is full employment. The quantity of real GDP produced by the full employment quantity of labor is potential GDP.


jrubin

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

emsimon14

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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