Suppose, for a Hypothetical Economy, Potential GDP Equals $9,200 Billion

question 38

Essay

Suppose, for a hypothetical economy, potential GDP equals $9,200 billion. If real GDP equals $9,400 billion, then according to the table below, the cyclical surplus equals
A)$320 billion.
B)$40 billion.
C)-$40 billion.
D)$20 billion.
E)$360 billion.

• A)$320 billion.
• B)$40 billion.
• C)-$40 billion.
• D)$20 billion.
• E)$360 billion.