Multiple Choice
The following table shows real GDP and potential real GDP for the years 2000-2012. Refer to this table when answering
Table 10.1 ($ billions)
(Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-According to the data in Table 10.1, about how much did short-run output fluctuations equal in 2001 and 2008, respectively?
A) -0.3 percent; -2.4 percent
B) 0.3 percent; -2.4 percent
C) -33 percent; 323.1 percent
D) 86.1 percent; 83.8 percent
E) Not enough information is given.
Correct Answer:

Verified
Correct Answer:
Verified
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