Question: The given table shows hypothetical data for five Potential Output Gap economies. Real GDP is measured in millions of dollars. Real GDP GDP (Y*) (%

 The given table shows hypothetical data for five Potential Output Gap

The given table shows hypothetical data for five Potential Output Gap economies. Real GDP is measured in millions of dollars. Real GDP GDP (Y*) (% of Y* ) Complete parts (a) through (e). Economy 1 68,000 68,000 % a. Fill in the missing data in the table. Economy 2 4, 100 4,500 Which economies have an inflationary gap? (Select all Economy 3 134,000 122,000 that apply.) Economy 4 57,000 52,000 OA. Economy 2 Economy 5 7,500 8,600 % O B. Economy 4 (Round your responses to one decimal place.) O C. Economy 1 OD. Economy 5 O E. Economy 3 Which economies have a recessionary gap? (Select all that apply.) A. Economy 4 OB. Economy 3 O C. Economy 5 OD. Economy 1 O E. Economy 2 b. Which economies likely have the most unused capacity? Explain. ikely have the most unused capacity, because in these economies

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