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Ch$.29$ Practice Exam: Busi...

Question $11$ of $21-$ Ch$.29...$

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Question $11$ of $21$

Refer to the following table. What was the approximate output gap in $1998?$

$\backslash$table$[[$Year$,\backslash$table$[[$Real GDP$],[($trillions of S$)]],\backslash$table$[[$Potential GDP$],[($trillions of $$)]]],[1995,3\mathrm{.}20,3\mathrm{.}30],[1996,3\mathrm{.}45,3\mathrm{.}65],[1997,3\mathrm{.}75,3\mathrm{.}89],[1998,4\mathrm{.}05,4\mathrm{.}10],[1999,4\mathrm{.}38,4\mathrm{.}30]]$

$-1\mathrm{.}2\%$

$-5\mathrm{.}5\%$

$1\mathrm{.}2\%$

$3\%$