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Author Question: Output GapPotential GDP is $750 billion and is expected to grow at 5.5 percent per year. If real GDP ... (Read 12 times)

ShannenConnor

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Question 1

Output Gap

If real GDP is $600 billion and potential GDP is $730 billion, the output gap is ________ percent. (Round to the nearest tenth when appropriate.)
◦ 82.2
◦ 17.8
◦ 121.7
◦ -17.8

Question 2

Output Gap

Potential GDP is $750 billion and is expected to grow at 5.5 percent per year. If real GDP in 3 years is $790 billion, the output gap would be ________ percent in 3 years. (Round to the nearest tenth when appropriate.)
◦ 16.5
◦ 2.4
◦ 16.0
◦ -10.3


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Marked as best answer by ShannenConnor on Nov 23, 2022

kaelamcrone

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ShannenConnor

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Reply 2 on: Nov 23, 2022
Excellent


blakcmamba

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Reply 3 on: Yesterday
:D TYSM

 

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