If potential GDP for the first quarter of 2013 = $75.8 billion, nominal GDP for the first quarter of 2013 = $80.3 billion, and the GDP deflator = 109, then the output gap was
A) 2.8%.
B) 4.7%.
C) 5.6%.
D) 5.9%.
A
Economics
You might also like to view...
Refer to the scenario above. The demand for Sporty's soccer balls is 1,250 units if ________
A) the price charged by Sporty is higher than the price charged by Go! B) the price charged by Go! is higher than the price charged by Sporty C) the price charged by Sporty is equal to the price charged by Go! D) the price charged by Sporty is higher than the cost of production of each ball
Economics
The amount of unemployment varies
a. little over time and across countries. b. little over time but substantially across countries. c. substantially over time but little across countries. d. substantially over time and across countries.
Economics