Multiple Choice
If potential GDP for the first quarter of 2013 = $75.8 billion,nominal GDP for the first quarter of 2013 = $80.3 billion,and the GDP deflator = 109,then the output gap was
A) -2.8%.
B) 4.7%.
C) 5.6%.
D) 5.9%.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q82: Which of the following represents a positive
Q83: If a variable moves in the opposite
Q84: All of the following are typically considered
Q85: If potential GDP for the third quarter
Q86: Suppose for every dollar change in household
Q88: On average,expansions in Canada have become _,and
Q89: Suppose for every dollar change in household
Q90: Multiplier effects occur when there is a
Q91: If the demand for the Ford Mustang
Q92: Suppose for every dollar change in household