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The Table Below Shows Data for India's Economy

Question 284

Multiple Choice

The table below shows data for India's economy. Real GDP is measured in millions of rupees. The table below shows data for India's economy. Real GDP is measured in millions of rupees. If potential GDP in India is million rupees, India is experiencing . A) 26,500; an inflationary gap B) 30,000; a potential GDP gap C) 26,500; a recessionary gap D) 28,500; an above full- employment gap If potential GDP in India is million rupees, India is experiencing .


A) 26,500; an inflationary gap
B) 30,000; a potential GDP gap
C) 26,500; a recessionary gap
D) 28,500; an above full- employment gap

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