An inflationary gap means that the level of real GDP at the ...

[K@]

An inflationary gap means that the level of real GDP at the short-run macroeconomic equilibrium
 
  A) is less than full-employment GDP.
  B) equals full-employment GDP.
  C) is more than full-employment GDP.
  D) may be less than, more than, or the same as full-employment GDP depending on the level of potential GDP.

Question 2

The above table shows some of the balance of payments accounts for Urland. What is Urland's balance on the capital and financial account?
 
  A) -146 billion
  B) -183 billion
  C) -99 billion
  D) 142 billion

[pocatato]

Answer to Question 1

C

Answer to Question 2

A

[K@]

Excellent

[bbburns21]

TYSM