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The Table Below Shows Data for India's Economy

Question 320

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) 28,500; an above-full-employment gap C) 26,500; a recessionary gap D) 30,000; a potential GDP gap If potential GDP in India is ________ million rupees, India is experiencing ________.


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

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