The Table Below Provides Macroeconomic Data for a Hypothetical Economy

question 18

Multiple Choice

The table below provides macroeconomic data for a hypothetical economy.Dollar amounts are all in constant-dollar terms. TABLE 19-1 Refer to Table 19-1.What is the output gap in 2013?

• A)$408 billion
• B)$411 billion
• C)$7.1 billion
• D)$3 billion
• E)-$3 billion

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Definitions:

Account Earning

Interest or returns generated from an investment account or savings account over a period.

Retirement Plan

A financial strategy that outlines savings and investments to provide income during retirement, possibly including pensions, 401(k) plans, and IRAs.

Employee Benefit

Various types of non-wage compensation provided to employees in addition to their normal wages or salaries.