The table below shows data for India's economy. Real GDP is measured in millions of rupees. If potential GDP in India is million rupees, India is experiencing .
A) 26,500; an inflationary gap
B) 30,000; a potential GDP gap
C) 26,500; a recessionary gap
D) 28,500; an above full- employment gap

Question

The table below shows data for India's economy. Real GDP is measured in millions of rupees.  If potential GDP in India is million rupees, India is experiencing .
A) 26,500; an inflationary gap 
B) 30,000; a potential GDP gap 
C) 26,500; a recessionary gap 
D) 28,500; an above full- employment gap

Quizplus · Accepted Answer

The Answer of The table below shows data for India's economy. Real GDP is measured in millions of rupees.  If potential GDP in India is million rupees, India is experiencing .
A) 26,500; an inflationary gap 
B) 30,000; a potential GDP gap 
C) 26,500; a recessionary gap 
D) 28,500; an above full- employment gap

The Table Below Shows Data for India's Economy