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it 60 Saved Help Save & Exit Check my Given below are data on real GDP and potential GDP for the nation of Anaziland
it 60 Saved Help Save & Exit Check my Given below are data on real GDP and potential GDP for the nation of Anaziland for the years 2009-2013, in billions of 2009 currency. For each year, calculate the output gap as a percentage of potential GDP and state whether the gap is a recessionary gap or an expansionary gap. Also calculate the year-to-year growth rates of real GDP. Instructions: Enter your response as a percentage rounded two decimal places.If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Growth rate of Year Real GDP Potential GDP Output gap Type of gap 2009 12,740 13,090 2.67 recessionary B 2010 13,3901 12,850 4.2 expansionary 2011 13,850 13,040 62 expansionary B 2012 13,460 13,670 153 recessionary 2013 13,480 14,050 405 recessionary Recessionary gap is identified during 2011-2012 2009; 2012-2013 2010-2011 2009-2010; 2013 real GDP
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