From 2010 to 2016, _____
A) real GDP expanded and output was below potential output.
B) real GDP expanded and output was above potential output.
C) nominal GDP expanded and output was below potential output.
D) nominal GDP expanded and output was above potential output.
E) real GDP and output were unchanged.

Question

Quizplus · Accepted Answer

During this period, the U.S. economy experienced growth in real GDP, but the output was below potential output due to the slow recovery from the 2008 financial crisis.