____economic growth is determined by supply-side rather than by demand side factors.Which word correctly completes this statement?
A、Actual
B、Potential
C、National
A、Actual
B、Potential
C、National
【参考答案及解析】
Rationale: Potential growth is the rate at which the economy would grow if all resources were utilised: it is therefore determined by factors in the capacity of the economy (supply side), such as increases in the amount of resources available, or in the productivity or resources. Actual growth is determined both by growth in output (supply side) and aggregate demand (demand side). Option C was merely a distractor
Rationale: Potential growth is the rate at which the economy would grow if all resources were utilised: it is therefore determined by factors in the capacity of the economy (supply side), such as increases in the amount of resources available, or in the productivity or resources. Actual growth is determined both by growth in output (supply side) and aggregate demand (demand side). Option C was merely a distractor