Solved

The Following Table Shows Real GDP and Potential Real GDP

Question 32

Multiple Choice

The following table shows real GDP and potential real GDP for the years 2005-2015. Refer to this table when answering the following questions.
Table 10.1 ($ billions) The following table shows real GDP and potential real GDP for the years 2005-2015. Refer to this table when answering the following questions. Table 10.1 ($ billions)    (Source: Federal Reserve Economic Data, St. Louis Federal Reserve)  -During which year was the economy in an expansionary gap? A)  2001 B)  2004 C)  2002 D)  2003 E)  none of the above (Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-During which year was the economy in an expansionary gap?


A) 2001
B) 2004
C) 2002
D) 2003
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions