1. Real GDP decreases during (a).The movement from through to peak (b). The movement from below potential GDP back to potential GDP. (c).A decrease in unemployment (d). The movement from peak to through.

If real GDP grows by 8% and population grows by 12%, then... a) the economy is in a recession b) inflation rate is stable c) standard of living is decreasing d) unemployment rate is increasing

Potential GDP is ______$ Ss attached

Select the statement below which highlights the role of real GDP:  “The growth in real GDP has been much lower than expected over the last few years and... Group of answer choices Unemployment has been rising as a result creating hardship for many in the country. The country is currently in a mild but lasting recession. Inflation is making the growth numbers more optimistic. The government needs to adjust how GDP is being measured