The table given below shows the real GDP, aggregate expenditures, saving, and imports of an economy.?

-Refer to Table 10.4. Suppose the economy is currently in equilibrium and has a potential GDP of $6,000. The current GDP gap equals _____.

Question

The table given below shows the real GDP, aggregate expenditures, saving, and imports of an economy.?
 
-Refer to Table 10.4. Suppose the economy is currently in equilibrium and has a potential GDP of $6,000. The current GDP gap equals _____.

Quizplus · Accepted Answer

The GDP gap is the difference between potential GDP and actual GDP. If the potential GDP is $6,000 and the economy is in equilibrium, the GDP gap is $2,000, assuming the actual GDP is $4,000.

The Table Given Below Shows the Real GDP, Aggregate Expenditures