AP Macroeconomics › How to find real output in fiscal policy
How does an increase in imports affect a nation's GDP?
An increase in imports does not affect a nation's GDP.
An increase in imports raises a nation's GDP.
An increase in imports decreases a nation's GDP.
Which of the following is not a part of the business cycle?
Plateau
Expansion
Contraction
Trough
A recessionary gap occurs when __________.
potential output exceeds real output
real output exceeds potential output
real output is equal to potential output
nominal output exceeds potential output