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Googlesi × .LComm22 × Transcrip. ×Up Up vs × Team Ag. × New Tab com/ibiscms/mod/ibis/view.php?id-4395589 x.laout . Question 4 of 12 Map Sapling Learning Suppose that Guadeloupe's potential GDP is equal to $950 tillin and that its real GDP is equal to $700tillion According to the neoclassical view, what can you infer about Guadeloupe's economy? O Guadeloupe's economy is in full-employment equilibrium O Guadeloupe's economy is in long-run equilbrium. O Guadeloupe's economy is in expansion. O Guadeloupe's economy is in recession O Previous eup & View Soluton O Check Answer 0 Next, Ext - Mckee Ch3.pdf Tension&upup.jpg; wl

Explanation / Answer

Neoclassical view of economics the firm should be able to maximise its profit by focusing on demand and supply considering many factors like output and income distribution etc.As per the above statement the guadeloupe's potential GDP is equal to $950 trillion and its real GDP is equal to $700 trillion so as per neoclassical view the guadeloupe's economy is in full employment equilibirium because in full employment equlibirium the economy's in the short-run will have real GDP lower than in long-run potential real GDP.

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