Question: Choose the statement about the Lucas wedge that is correct. Question content area bottom Part 1 A . The Lucas wedge equals real GDP minus

Choose the statement about the Lucas wedge that is correct.
Question content area bottom
Part 1
A.
The Lucas wedge equals real GDP minus potential GDP.
B.
The Lucas wedge is the dollar value of the accumulated gap between what real GDP per person would have been if the 1970s growth rate had persisted and what real GDP per person turned out to be.
C.
The Lucas wedge in 2023 is smaller than the Lucas wedge in 2000.
D.
The Lucas wedge accumulated to $1,136,000 per person by 2023

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