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Use the following model to answer questions 20-22: C = 2,500 + 0.5(Y - T) I = I0 = 2,000 G = G0 = 1,000

Use the following model to answer questions 20-22: C = 2,500 + 0.5(Y - T) I = I0 = 2,000 G = G0 = 1,000 X = 700 IM = 200 T = T0 = 2,500 Yp = 14,000 20.Find the output gap. A. -4,500 B. 4,500 C. -3,600 D. 3,600

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