Solved

If Potential GDP Is $7

Question 65

Multiple Choice

If potential GDP is $7.04 trillion and actual GDP is $6.93 trillion, the output gap is:

A) 2.1%.
B) 1.56%.
C) -0.11%.
D) -1.56%.

Related Questions

Q60: Which of the figures correctly represents the

Q61: Which of the following changes could create

Q62: Planned investment is the:<br>A)expenditure on goods and

Q63: If Y > AE:<br>A)the economy is producing

Q64: If government expenditure rises by $27.5 billion

Q66: Which of the following shows the correct

Q67: If Y < AE:<br>A)planned investment will decrease

Q68: If the real rate of interest is

Q69: Which of the following cause shifts in

Q70: The output gap is zero when:<br>A)planned investment