-In the above figure,when the economy is in a long-run equilibrium,real GDP will be
A) $12.5 trillion.
B) $13.0 trillion.
C) $13.5 trillion.
D) $14.0 trillion.

Question

-In the above figure,when the economy is in a long-run equilibrium,real GDP will be
A) $12.5 trillion. 
B) $13.0 trillion. 
C) $13.5 trillion. 
D) $14.0 trillion.

Quizplus · Accepted Answer

In long-run equilibrium, real GDP is determined by the economy's potential output, which is typically represented by the full employment level of output. In this context, $13.0 trillion is likely the potential output level where the economy is in long-run equilibrium.

-In the Above Figure,when the Economy Is in a Long-Run