1

In 2017, the output gap for the state of Connecticut was 24%. The actual aggregate output in the state in 2017 was $470 million. What is the potential output of the state of Connecticut (in millions of $)? Round your answer to at least 2 decimal places. (E.g. $12,345,678 should be entered as 12.35)

2

The potential output for the town of Willimantic is $30.3 million. In 2018, the actual aggregate output in Willimantic is $22.5 million. What is the output gap (in %)? Round your answer to at least 2 decimal places. (E.g. 12.345% should be entered as 12.35)