Use the figure below to answer the following questions.
Figure 10.3.5
-Refer to Figure 10.3.5.When the economy is at full employment, real GDP is
A)100.
B)$13.5 trillion.
C)$13 trillion.
D)more than $13 trillion and less than $13.5 trillion.
E)less than $13 trillion.

Question

Use the figure below to answer the following questions.
  Figure 10.3.5
-Refer to Figure 10.3.5.When the economy is at full employment, real GDP is
A)100. 
B)$13.5 trillion. 
C)$13 trillion. 
D)more than $13 trillion and less than $13.5 trillion. 
E)less than $13 trillion.

Quizplus · Accepted Answer

When the economy is at full employment, real GDP is at the potential GDP or the intersection of the LRAS and AD curves. At this point, the real GDP is $13 trillion.

Use the Figure Below to Answer the Following Questions