The table below shows data for India's economy. Real GDP is measured in millions of rupees. If potential GDP in India is ________ million rupees, India is experiencing ________.
A) 26,500; an inflationary gap
B) 28,500; an above-full-employment gap
C) 26,500; a recessionary gap
D) 30,000; a potential GDP gap

Question

The table below shows data for India's economy. Real GDP is measured in millions of rupees.  If potential GDP in India is ________ million rupees, India is experiencing ________.
A) 26,500; an inflationary gap 
B) 28,500; an above-full-employment gap 
C) 26,500; a recessionary gap 
D) 30,000; a potential GDP gap

Quizplus · Accepted Answer

The Answer of The table below shows data for India's economy. Real GDP is measured in millions of rupees.  If potential GDP in India is ________ million rupees, India is experiencing ________.
A) 26,500; an inflationary gap 
B) 28,500; an above-full-employment gap 
C) 26,500; a recessionary gap 
D) 30,000; a potential GDP gap

The Table Below Shows Data for India's Economy