a b C d e 2. The table below shows data for India's economy. Real GDP is measured in millions of rupees. Price level Real GDP supplied in the short Real GDP demanded run 114 120 125 131 138 23,501 25,355 27,670 30,366 33,164 35,898 32,341 27,670 18,569 15,898 If potential GDP in India is 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 million rupees,

a b C d e 2. The table below shows data for India's economy. Real GDP is measured in millions of rupees. Price level Real GDP supplied in the short Real GDP demanded run 114 120 125 131 138 23,501 25,355 27,670 30,366 33,164 35,898 32,341 27,670 18,569 15,898 If potential GDP in India is 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 million rupees,

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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