The table below shows data for five economies of similar size.Real GDP is measured in billions of dollars.Assume that potential output for each economy is $340 billion.
TABLE 24-1
-Refer to Table 24-1.Which of the economies are experiencing an inflationary gap?
A)Economies A and B
B)Economies B and C
C)Economies C and D
D)Economies D and E
E)none of the economies

Question

The table below shows data for five economies of similar size.Real GDP is measured in billions of dollars.Assume that potential output for each economy is $340 billion.
  TABLE 24-1
-Refer to Table 24-1.Which of the economies are experiencing an inflationary gap?
A)Economies A and B 
B)Economies B and C 
C)Economies C and D 
D)Economies D and E 
E)none of the economies

Quizplus · Accepted Answer

The Answer of The table below shows data for five economies of similar size.Real GDP is measured in billions of dollars.Assume that potential output for each economy is $340 billion.
  TABLE 24-1
-Refer to Table 24-1.Which of the economies are experiencing an inflationary gap?
A)Economies A and B 
B)Economies B and C 
C)Economies C and D 
D)Economies D and E 
E)none of the economies

The Table Below Shows Data for Five Economies of Similar