Name __________________________ _________ last 4 PSU ID
One of the real goals is for real GDP to be at potential GDP and/or real GDP growth to equal potential GDP growth. You will need the following two links to answer this question: Potential GDP. Real GDP. a)(5 points) Using the most recent data (2017:Q2), calculate the GDP gap as defined as: [(Real GDP - Potential GDP)/ Potential GDP] x 100. b)(5 points) Is your answer in part a) above ... ................
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