The table given below shows the real GDP, aggregate expenditures, saving, and imports of an economy. Table 10.4 Real GDP Aggregate Expenditures Saving Imports $0 $800-$300 $50 $1,000 $1,600-$200 $150 $2,000 $2,400-$100 $ 250 $3,000 $3,200 $0 $350 $4,000 $4,000 $100 $450 $5,000 $4,800 $200 $550 $6,000 $5,600 $300 $650 Refer to Table 10.4. Suppose the economy is currently in equilibrium and has a potential GDP of $6,000. The current GDP gap equals _____. Group of answer choices $400 $1,000 $2,000 $3,000 $6,00
The table given below shows the real GDP, aggregate expenditures, saving, and imports of an economy. Table 10.4 Real GDP Aggregate Expenditures Saving Imports $0 $800-$300 $50 $1,000 $1,600-$200 $150 $2,000 $2,400-$100 $ 250 $3,000 $3,200 $0 $350 $4,000 $4,000 $100 $450 $5,000 $4,800 $200 $550 $6,000 $5,600 $300 $650 Refer to Table 10.4. Suppose the economy is currently in equilibrium and has a potential GDP of $6,000. The current GDP gap equals _____. Group of answer choices $400 $1,000 $2,000 $3,000 $6,00
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 6P
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Transcribed Image Text:The table given below shows the real GDP, aggregate expenditures, saving, and imports of an economy. Table 10.4 Real
GDP Aggregate Expenditures Saving Imports $0 $800-$300 $50 $1,000 $1,600-$200 $150 $2,000 $2,400-$100 $
250 $3,000 $3,200 $0 $350 $4,000 $4,000 $100 $450 $5,000 $4,800 $200 $550 $6,000 $5,600 $300 $650 Refer to
Table 10.4. Suppose the economy is currently in equilibrium and has a potential GDP of $6,000. The current GDP gap
equals _____. Group of answer choices $400 $1,000 $2,000 $3,000 $6,00
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