Based on the data shown, calculate the output gap for each of these years.
$$\begin{array} { | l | c | c | }
\hline \text { Year } & \begin{array} { c }
\text { Real GDP } \
\text { (billions) of \$ }
\end{array} & \begin{array} { c }
\text { Potential GDP } \
\text { (billions of \$) }
\end{array} \
\hline 2000 & 75 & 75 \
\hline 2001 & 76.5 & 77 \
\hline 2002 & 82.5 & 82 \
\hline 2003 & 90.8 & 90 \
\hline
\end{array}$$

Question

Based on the data shown, calculate the output gap for each of these years.
 $$\begin{array} { | l | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Real GDP } \
\text { (billions) of \$ }
\end{array} & \begin{array} { c } 
\text { Potential GDP } \
\text { (billions of \$) }
\end{array} \
\hline 2000 & 75 & 75 \
\hline 2001 & 76.5 & 77 \
\hline 2002 & 82.5 & 82 \
\hline 2003 & 90.8 & 90 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of Based on the data shown, calculate the output gap for each of these years.
 $$\begin{array} { | l | c | c | } 
\hline \text { Year } & \begin{array} { c } 
\text { Real GDP } \
\text { (billions) of \$ }
\end{array} & \begin{array} { c } 
\text { Potential GDP } \
\text { (billions of \$) }
\end{array} \
\hline 2000 & 75 & 75 \
\hline 2001 & 76.5 & 77 \
\hline 2002 & 82.5 & 82 \
\hline 2003 & 90.8 & 90 \
\hline
\end{array}$$

Based on the Data Shown, Calculate the Output Gap for Each