Question: The data in the table below are for the economy of Merton, which has a natural rate of unemployment of 5%. What is the size

The data in the table below are for the economy of

The data in the table below are for the economy of Merton, which has a natural rate of unemployment of 5%. What is the size of the GDP gap for each of the three years? Enter your responses rounded to two decimal places, in the final row of the table. Real GDP $billions) Unemployment rate GDP Gap (billions) 2018 $650 8.5% 2019 $660 7.0% 2020 $800 8.0% $ 5.7 * $ 3.3 $ 6

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