If potential GDP for the first quarter of 2013 = $75.8 billion, and real GDP for the first quarter of 2013 = $80.3 billion, then the output gap was
A) -5.9%.
B) -5.6%.
C) 5.6%.
D) 5.9%.
D
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Answer the following statement true (T) or false (F)
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What will be an ideal response?
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