Multiple Choice
The following are selected statistics for a given year in a hypothetical economy:
-Refer to the information to answer this question.Which of the following statements is true?
A) the GDP gap is $70 billion.
B) the GDP gap is $21 billion.
C) The potential GDP is $752.5 billion.
D) Potential GDP is $770 billion.
Correct Answer:

Verified
Correct Answer:
Verified
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