Multiple Choice
If potential GDP is $19.04 trillion and actual GDP is $20.07 trillion, the output gap is:
A) 1.03%.
B) 5.13%.
C) 5.41%.
D) -1.03%.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q25: For each of the following cases, draw
Q26: Which of the following changes could create
Q27: In the IS-MP framework, starting from macroeconomic
Q28: The U.S. imposed a tariff on solar
Q29: A fall in the real interest rate
Q31: Consumption is $151 billion, government expenditure is
Q32: The IS curve performs the function of
Q33: A good proxy for the risk-free interest
Q34: In 2008, the Federal Reserve committed funds
Q35: How do interest rates affect government purchases