Multiple Choice
If potential GDP for the third quarter of 2012 = $20.4 billion,and the deviation from potential GDP for the third quarter of 2012 = -$1.6 billion,then the output gap was
A) -7.8%.
B) -12.8%.
C) -18.8%.
D) -32.6%.
Correct Answer:
Verified
Correct Answer:
Verified
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