In macroland potential gdp equals $20 billion and real gdp equals $19.2 billion. macroland has a(n) gap equal to p

Question

vaieri [72.5K]

3 years ago

6

In macroland potential gdp equals $20 billion and real gdp equals $19.2 billion. macroland has a(n) gap equal to p

ercent of potential gdp.

Business

1 answer:

Jet001 [13] · Answer 1 · 2022-07-05T03:13:20+03:00

Jet001 [13]3 years ago

6 0

Potential GDP = $20
Real GDP =$19.2
so an output gap is measured relative to potential output and it is calculated according to the formula [( X - Y ) Ă· Y] Ă—100. In this case, the output gap is [($10 billion - $8 billion) Ă· $8 billion] Ă—100 = 25%.

In macroland potential gdp equals $20 billion and real gdp equals $19.2 billion. macroland has a(n) ______ gap equal to ______ p

In macroland potential gdp equals $20 billion and real gdp equals $19.2 billion. macroland has a(n) gap equal to p