If a country is maintaining a healthy amount of growth, which of the following accurately describes the behavior of real GDP over time?(1 point)
Responses
Real GDP fluctuates but follows a downward-sloping trend line.
Real GDP fluctuates but follows a downward-sloping trend line.
Real GDP does not fluctuate if growth is occurring.
Real GDP does not fluctuate if growth is occurring.
Real GDP fluctuates but follows a horizontal trend line.
Real GDP fluctuates but follows a horizontal trend line.
Real GDP fluctuates but follows an upward-sloping trend line.
Whats the right answer
The correct answer is: Real GDP fluctuates but follows an upward-sloping trend line.
The correct answer is: Real GDP fluctuates but follows an upward-sloping trend line.
The correct answer is: "Real GDP fluctuates but follows an upward-sloping trend line."
When a country is maintaining a healthy amount of growth, its real GDP tends to increase over time. However, it is important to note that real GDP does not increase in a straight line but instead fluctuates due to various economic factors such as business cycles, changes in consumer spending, and overall economic conditions. Despite these fluctuations, the overall trend of real GDP over time is upward-sloping, indicating economic growth.