88 A company had the following results for the year It achieved revenue of $2,500,000 It incurred operating expenses of $2,750,000 It spent $200,000 on a new piece of equipment It borrowed $450,000 to fill the shortfall How would you describe the company's results? profit of $200,000 profit of $50,000 no profit, no loss loss of $50,000 loss of $250,000 loss of $450,000 QUESTION 89 If actual GDP is growing more rapidly than Potential GDP then The GDP Gap is becoming wider and the unemployment rate is probably increasing The GDP Gap is becoming wider and the unemployment rate is probably decreasing The GDP Gap is becoming narrower and the unemployment rate is probably increasing The GDP Gap is becoming narrower and the unemployment rate is probably decreasing