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Author Question: Can actual real GDP exceed potential GDP? What will be an ideal ... (Read 41 times)

TFauchery

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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

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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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