Question: The data in the table below are for the economy of Merton, which has a natural rate of unemployment of 4%. What is the

The data in the table below are for the economy of Merton,

The data in the table below are for the economy of Merton, which has a natural rate of unemployment of 4%. What is the size of the GDP gap for each of the three years? Enter your responses rounded to two decimal places, in the final row of the table. Real GDP ($billions) Unemployment rate GDP Gap (billions) CPI (2010 = 100) Inflation rate $ 2018 116 2018 $750 6.0% 2019 121 $ The CPI in Eturia is as shown in the table below. What are the annual inflation rates in the years 2019 and 2020? Enter your responses, rounded to one decimal place, in the last row of the table below. % 2019 $800 5.0% 2020 128 $ % 2020 $900 5.8%

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