Quiz 5 on UNIT 5 0 Help Saved Save ExitSu 1 Calculate the o

Quiz #5 on UNIT 5 0 Help Saved Save & ExitSu 1 Calculate the output gap for the years given in the following table. Instructions: Enter your responses rounded to one decimal place. If entering a negative number, be sure to use negative sign ( (Ln GDP (in tril1i $16 3 $16.5 $17.0 $16.0 2012 2013 2014 2015 $17.6 $19.0

Solution

Ans

16.3-16=.3 trillions

B 16.5-17.2=0. 7 trillions

C 17.0-17.6=-,6 trillions

D 17-19=-2 trillions

Output gap=potential - actual output