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use the figure below to answer the joflowing questions. Price level (GDP deflator, 2002 = 100) 130 ..... LAS -. ...... .. ..... SAS 120

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use the figure below to answer the joflowing questions. Price level (GDP deflator, 2002 = 100) 130 ..... LAS -. ...... .. ..... SAS 120 . . . .. .... 110 B 100 ............ AD1 90 ADO 0 L 12.0 12.5 13.0 13.5 14.0 Real GDP (trillions of 2002 dollars) Figure 26.3.5 6) Refer to Figure 26.3.5 above. What type of gap is shown by point B and how large this the gap in terms of Real GDP? (2 Marks)

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