The table below shows data for India's economy. Real GDP is measured in millions of rupees. Supp full employment occurs when real GDP is 27,000 million rupees.

The economy is experiencing _ gap and firms will .
A) an inflationary gap; increase production
B) a recessionary gap; increase production
C) a recessionary gap; decrease money wages paid to workers
D) an inflationary gap; increase money wages paid to workers

Question

The table below shows data for India's economy. Real GDP is measured in millions of rupees. Supp full employment occurs when real GDP is 27,000 million rupees.

The economy is experiencing _ gap and firms will .
A) an inflationary gap; increase production 
B) a recessionary gap; increase production 
C) a recessionary gap; decrease money wages paid to workers 
D) an inflationary gap; increase money wages paid to workers

Quizplus · Accepted Answer

The Answer of The table below shows data for India's economy. Real GDP is measured in millions of rupees. Supp full employment occurs when real GDP is 27,000 million rupees.

The economy is experiencing _ gap and firms will .
A) an inflationary gap; increase production 
B) a recessionary gap; increase production 
C) a recessionary gap; decrease money wages paid to workers 
D) an inflationary gap; increase money wages paid to workers

The Table Below Shows Data for India's Economy