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a b C d e 2. The table below shows data for India's economy. Real GDP is measured in millions of rupees. Price level Real GDP supplied in the short Real GDP demanded run 114 120 125 131 138 23,501 25,355 27,670 30,366 33,164 35,898 32,341 27,670 18,569 15,898 If potential GDP in India is India is experiencing A) 26,500; an inflationary gap B) 28,500; an above full-employment gap C) 26,500; a recessionary gap D) 30,000; a potential GDP gap million rupees,

a b C d e 2. The table below shows data for India's economy. Real GDP is measured in millions of rupees. Price level Real GDP supplied in the short Real GDP demanded run 114 120 125 131 138 23,501 25,355 27,670 30,366 33,164 35,898 32,341 27,670 18,569 15,898 If potential GDP in India is India is experiencing A) 26,500; an inflationary gap B) 28,500; an above full-employment gap C) 26,500; a recessionary gap D) 30,000; a potential GDP gap million rupees,

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
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2. The table below shows data for India's economy. Real GDP is measured in millions of rupees. Price level Real GDP supplied in the short Real GDP demanded run a b 114 120 с 125 d 131 e 138 23,501 25,355 27,670 30,366 33,164 35,898 32,341 27,670 18,569 15,898 If potential GDP in India is India is experiencing A) 26,500; an inflationary gap B) 28,500; an above full-employment gap C) 26,500; a recessionary gap D) 30,000; a potential GDP gap million rupees,
Transcribed Image Text:2. The table below shows data for India's economy. Real GDP is measured in millions of rupees. Price level Real GDP supplied in the short Real GDP demanded run a b 114 120 с 125 d 131 e 138 23,501 25,355 27,670 30,366 33,164 35,898 32,341 27,670 18,569 15,898 If potential GDP in India is India is experiencing A) 26,500; an inflationary gap B) 28,500; an above full-employment gap C) 26,500; a recessionary gap D) 30,000; a potential GDP gap million rupees,
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