Refer to the following table. In which year(s) was the economy above potential GDP?
$$\begin{array} { | l | c | c | }
\hline \text { Year } & \begin{array} { c }
\text { Real GDP } \
\text { (billions of \$) }
\end{array} & \begin{array} { c }
\text { Potential GDP } \
\text { (billions of \$) }
\end{array} \
\hline 1970 & 93 & 90 \
\hline 1971 & 96 & 94 \
\hline 1972 & 105 & 99 \
\hline 1973 & 109 & 104 \
\hline 1974 & 100 & 107 \
\hline
\end{array}$$

Question

Refer to the following table. In which year(s) was the economy above potential GDP?
$$\begin{array} { | l | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Real GDP } \
\text { (billions of \$) }
\end{array} & \begin{array} { c } 
\text { Potential GDP } \
\text { (billions of \$) }
\end{array} \
\hline 1970 & 93 & 90 \
\hline 1971 & 96 & 94 \
\hline 1972 & 105 & 99 \
\hline 1973 & 109 & 104 \
\hline 1974 & 100 & 107 \
\hline
\end{array}$$

Quizplus · Accepted Answer

In 1970, 1971, 1972, and 1973, the Real GDP was higher than the Potential GDP, indicating the economy was above potential GDP in these years.

Refer to the Following Table A)1970, 1971, 1972, and 1973 Only B)1974 Only C)1970 and Economy

Refer to the Following Table A)1970, 1971, 1972, and 1973 Only
B)1974 Only
C)1970 and Economy