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The following table contains data on aggregate demand and aggregate supply for a hypothetical economy ($mil). Price level Real GDP demanded Real GDP supplied 75

The following table contains data on aggregate demand and aggregate supply for a hypothetical economy ($mil).

Price level Real GDP demanded Real GDP supplied

75 440 360

80 430 370

100 400 400

120 380 420

150 360 440

Assume that the potential Real GDP is equal to 350 $million, Calculate the inflationary gap?

Hint: The answer is a number.Do not put the unit.

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