The table below shows several possible situations for an economy in terms of output gaps and the rate of change of wages. Real GDP (Y) is measured in billions of dollars. Assume that potential output (Y*) is $800 billion. a. Compute the output gap (Y - Y*) for each situation and fill in the table. (Enter your responses to the nearest whole number. Use the minus sign to enter negative numbers.) Real GDP Output Gap Rate of Situation (billions (billions Wage of dollars) of dollars) Change A 760 [ -3.0% B 780 [} -15% C 800 i 0.0 % D 820 & 1.0 % E 830 L] 2.0 %