Outer Island potential GDP is 5150 billion 1.Calculate output gap 2. If the real GDP supplied in the short run decreases by 100. Calculate new output gap Price level Quantity of Real GDP demanded Quantity of Real GDP supplied in the short run billion dollar) 45 225 175 50 200 200 55 175 225 60 150 250 275 65 125 300 70 100 Note: show the details of your calculation Paragraph B Answer here