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following table. What was the approximate output gap in 1999? Real GDP Year Potential GDP (trillions of S) (trillions of $) 1995 3.20 3.30 1996

following table. What was the approximate output gap in 1999? Real GDP Year Potential GDP (trillions of S) (trillions of $) 1995 3.20 3.30 1996 3.45 3.65 1997 3.75 3.89 1998 4.05 4.10 1999 4.38 4.30 1.9% 1.2% 3% O-3.6%

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