Potential gdp is $12 trillion and if real gdp equaled potential gdp, the budget deficit would be $1 trillion. real gdp actually equals $14 trillion and the budget surplus is $3 trillion. the economy has a structural and a cyclical a. surplus of $3 trillion; surplus of $2 trillion b. deficit of $1 trillion; surplus of $2 trillion c. deficit of $1 trillion; surplus of $4 trillion d. surplus of $4 trillion; deficit of $1 trillion

Which of the following best explains why a large company can undersell small retailers? a. large companies can offer workers lower wages because they provide more jobs. b. large companies can pay their employees less because they do unskilled jobs. c. large companies can negotiate better prices with wholesalers. d. large companies have fewer expenses associated with overhead.

Choose the best term for each definitionexpense, liability, monetary asset, statement of financial position, tangible asset, net worth, market value, investment asset, income, assetitems of monetary value a person or household ownsmoney spentmoney receivedfinancial assets purchased with the hope that they will generate income and appreciate in value to make it possible to sell at a higher price in the futurea debt or obligation owed to othersthe amount you could realistically sell an asset forassets that can be quickly and easily converted into casha measure of financial wealth and indicates the monetary value of all possessions that a person or household owns, minus the total amounts owed to othersa financial statement that describes an individual or family's financial condition on a specified date by showing assets, liabilities, and net worthpersonal property that was purchased to create a lifestyle or improve your life

Match the steps for conducting an informational interview with the tasks in each step.