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 110 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?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

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

Relationship Between Physical Activity and Improved Health Benefits Relationship Between Physical Activity and Improved Health Benefits
This advertisement from about 1885 represents an early stage of capitalism when individuals were ... This advertisement from about 1885 represents an early stage of capitalism when individuals were ...
The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ... The relationship between the permissible exposure limit (PEL), the short-term exposure limit (STEL), ...
Relationship between Trust and Investment Relationship between Trust and Investment
Income Distribution in the United States, 2009 Income Distribution in the United States, 2009
A pedigree for albinism collected in the early years of the twentieth century by Charles Davenport, A pedigree for albinism collected in the early years of the twentieth century by Charles Davenport,
Video: Biological organic compounds

For a complete list of videos, visit our video library