The following table shows real GDP and potential real GDP for the years 2000-2012. Refer to this table when answering
Table 10.1 ($ billions)
(Source: Federal Reserve Economic Data, St. Louis Federal Reserve)
-According to the data in Table 10.1, what years did the Bush administration enjoy an expansionary gap?
A) 2005 and 2006
B) 2007-2009
C) 2001, 2005, 2006
D) 2002, 2003, 2008
E) 2011-2012
Correct Answer:
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