If potential GDP for the first quarter of 2013 = $75.8 billion,and real GDP for the first quarter of 2013 = $80.3 billion,then the output gap was
A) -5.9%.
B) -5.6%.
C) 5.6%.
D) 5.9%.
Correct Answer:
Verified
Q41: Which of the following best explains the
Q42: Okun's law summarizes the relationship between
A) unemployment
Q43: Inflation tends to _ during a business
Q44: If a variable moves in the opposite
Q45: If the output gap is greater than
Q47: Assume that for the third quarter of
Q48: If the housing index is rising,real GDP
Q49: Suppose that,in 2013,potential GDP in the nation
Q50: If the money supply is decreasing,real GDP
Q51: If manufacturers' new orders received for consumer
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents