The Table Below Shows Data for India's Economy If Potential GDP in India Is ________ Million Rupees,India Is
The table below shows data for India's economy. Real GDP is measured in millions of rupees.
If potential GDP in India is ________ million rupees,India is experiencing ________.
A) 26,500; an inflationary gap
B) 28,500; an above full-employment gap
C) 26,500; a recessionary gap
D) 30,000; a potential GDP gap
Correct Answer:
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