Multiple Choice
In Gagaland, real GDP is $160 billion and potential GDP is $200 billion. Gagaland has a(n)
A) positive output gap of $40 billion.
B) negative output gap of $40 billion.
C) growth rate of 40 percent.
D) growth rate of 20 percent.
E) growth rate of 25 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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