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following table. What was the approximate output gap in 1984? Year Real GDP (billions of $) Potential GDP (billions of $) 1980 175 179 1981

following table. What was the approximate output gap in 1984? Year Real GDP (billions of $) Potential GDP (billions of $) 1980 175 179 1981 182 185 1982 189 188 1983 196 194 1984 202 198 Question 22 options: a) 2% b) 0.5% c) 2.2% d) 1%

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