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The Table Given Below Shows the Real GDP, Aggregate Expenditures

Question 66

Multiple Choice

The table given below shows the real GDP, aggregate expenditures, saving, and imports of an economy.
Table 10.4
 Real GDP  Aggregate  Expenditures  Saving  Imports $0$800$300$50$1,000$1,600$200$150$2,000$2,400$100$250$3,000$3,200$0$350$4,000$4,000$100$450$5,000$4,800$200$550$6,000$5,600$300$650\begin{array}{|c|c|c|c|}\hline \text { Real GDP } & \begin{array}{c}\text { Aggregate } \\\text { Expenditures }\end{array} & \text { Saving } & \text { Imports } \\\hline \$ 0 & \$ 800 & -\$ 300 & \$ 50 \\\$ 1,000 & \$ 1,600 & -\$ 200 & \$ 150 \\\$ 2,000 & \$ 2,400 & -\$ 100 & \$ 250 \\\$ 3,000 & \$ 3,200 & \$ 0 & \$ 350 \\\$ 4,000 & \$ 4,000 & \$ 100 & \$ 450 \\\$ 5,000 & \$ 4,800 & \$ 200 & \$ 550 \\\$ 6,000 & \$ 5,600 & \$ 300 & \$ 650 \\\hline\end{array}
-Refer to Table 10.4. Given a potential GDP of $6,000, the recessionary gap equals _____.


A) $200
B) $400
C) $1,000
D) $2,000
E) $5,000

Correct Answer:

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