Question
-Suppose the Potential GDP in 2019was $28,000,000and the actual Real GDP in 2019 was $26,000,000. What is the size of the output gap? (in absolute
-Suppose the Potential GDP in 2019was $28,000,000and the actual Real GDP in 2019 was $26,000,000.
What is the size of the output gap? (in absolute value;donot include a negative sign in your answer)
-Suppose the Potential GDPin2019was$28,000,000andthe actual Real GDPin2019was$26,000,000.
Is this a recessionary or an expansionary gap?
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A Textbook Of Mathematical Economics
Authors: Dr Chandrakant Singh
1st Edition
9353140986, 9789353140984
