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.In which years was this economy experiencing a recessionary gap?
Definitions:
Incremental Annual Cash Flow
The additional cash flow generated by a company from taking on a new project, calculated as the difference between the project's cash inflows and outflows.
Tax Rate
The rate at which taxes are levied on the income of a person or business.
Net Advantage to Leasing
A calculation that compares the cost-effectiveness of leasing an asset versus purchasing it, considering all financial aspects including taxes and cash flow.
Parts Resale Value
The estimated resale value of machine parts or other components after they have been used or at the end of their useful life.
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