4 Dashboard - Antelope Valley X LRI o Homework (Ch 12) 0 x Back to Assignment Attempts| 6. TheGDP gap and the consequences of unemployment On the following graph, the black line shows potential real GDP and the blue line shows actual real GDP for a hypothetical country from 1890 to 2010. Use the green quadrilateral (triangle symbols) to shade the area between actual and potential real GDP that represents the positive GDP gap. Then (U use the purple quadrilateral (diamond symbols) to shade the area between actual and potential real GDP that represents the negative GOP gap Positive GDF Gap o Negative GDP Gap Actual Real GDP, GDP (Billions of 2000 dollars) Potential Real GDP 1000 1004 1008 2002 2008 200 YEAR Which of the following are true of an economy operating below full employment? Check all that apply. The economy is in the peak phase of the business cycle