Which of the following are true of an economy operating at full employment? Check all that apply. Actual real GDP is less than potential real GDP. The economy is operating at the natural rate of unemployment. Cyclical unemployment is negligible. The GDP gap is negligible.

The economy is operating at the natural rate of unemployment: By definition, natural rate of unemployment is related to the unmeployees  that remain unemployed when there is full employment in the economy. This means that this unemployment is related to structural aspects that cannot be change suddenly (like the presence of no qualified workers) or voluntary ("frictional") unemployment (which occurs in the meantime, when people is temporary unemployed because he/she is in transition to change his/her job). TRUEThe GDP gap is negligible: When economy is operating at full employment, the economy reaches its potential GDP: it is employing all productive factors and producing (maximum) the amount of goods and servicies that can be produced with a given technology, labor and capital. Then, the difference between real GDP (actually produced) and potential GDP (the maximum output that can be produced) is meaninglessness. TRUE

Ibelieve it would be choice a ($24,630)