Potential GDP refers to the level of Select one: a. Nominal GDP in the long run. b. Nominal GDP in the short run. c. Real GDP in the long run. d. Real GDP in the short run.

Real GDP in the long run.

Explanation:

Potential Gross Domestic Product(GDP) or Full employment GDP is a theoretical GDP level that an economy would attain full employment is reported. Potential GDP is the GDP level where there is zero unemployment in the economy. It is the point where there is Pareto efficient, i.e., when there cannot be an increase in the aggregate output in the economy without an increase in the inputs level.

Potential GDP is the maximum attainable production level in an economy and its calculation relies on the assumption of a full employment. It is the highest level of the long run GDP that can be maintained with the technology level. Generally, full employment GDP refers to real GDP. The potential GDP is measured in terms of real goods and services.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )