Question: Given below are data on real GDP and potential GDP for the nation of Anaziland for the years 2 0 1 9 - 2 0
Given below are data on real GDP and potential GDP for the nation of Anaziland for the years in billions of currency. For each year, calculate the output gap as a percentage of potential GDP and state whether the gap is a recessionary gap or an expansionary gap. Also calculate the yeartoyear growth rates of real GDP
Instructions: Enter your response as a percentage rounded two decimal places.If you are entering any negative numbers, be sure to include a negative sign in front of those numbers.
tableYearReal GDPPotential GDPOutput gap,Type of gap,Growth rate of real GDPrecessionary expansionary expansionary recessionary recessionary
Recessionary gap is identified during
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