In Gagaland, real GDP is $200 billion and potential GDP is $160 billion. Gagaland has a(n)
A) inflationary gap of $40 billion.
B) recessionary gap of $40 billion.
C) growth rate of 40 percent.
D) growth rate of 20 percent.
E) growth rate of -25 percent.
Correct Answer:
Verified
Q160: The population of West Moreland is 200,000
Q161: Which word does not describe a phase
Q162: The concept of creative destruction was introduced
Q163: In Beyonceland, real GDP fell continuously from
Q164: Planners in Canukistan hope to double real
Q166: Improvements in the quality of capital through
Q167: Improvements in productivity from better management techniques
Q168: In Gagaland, real GDP is $200 billion
Q169: In Beyonceland, real GDP fell continuously from
Q170: In Beyonceland, real GDP fell continuously from
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