Question: Suppose the actual level of output in the economy is $1,765 million and the estimated natural rate of output is $1,800 million. Calculate the output

Suppose the actual level of output in the economy is $1,765 million and the estimated natural rate of output is $1,800 million. Calculate the output ratio for this economy. Provide answer to 2 decimal points and keep it in the ratio format, ie don't multiply by 100

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