Business, 16.12.2019 23:31 alyssaboosiefkes

Given below is the data on real gdp and potential gdp for the nation of anaziland for the years 2009-2013, in billions of 2009 currency. calculate the output gap for each year as a percentage of potential gdp. state whether the gap is a recessionary gap or an expansionary gap. also, calculate the year-to-year growth rates of real gdp. year real gdp potential gdp output gap (percentage) type of gap (recessionary or expansionary) growth rate of real gdp (percentage)2009 11,550 11,760 2010 11,990 11,800 2011 12,450 12,200 2012 12,480 12,760 2013 12,200 13,000
(enter your response as a percentage rounded two decimal places.)a recessionary gap is identified during: a) 2010-2011b) 2009; 2012-2013c) 2011-2012d) 2009-1020; 2013

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Given below is the data on real gdp and potential gdp for the nation of anaziland for the years 2009...

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