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

---

Definitions:

Receive Bill

The act of getting an invoice or bill from a vendor that outlines the amount owed for goods or services received.

Create Purchase Order

The process of generating a document that authorizes a purchase transaction for goods or services from a supplier.

Vendor Transaction

A financial exchange or deal occurring between a business and a vendor, often related to the purchase of goods or services.

Receive Inventory

The process of accepting and documenting the arrival of goods or materials into a warehouse or storage facility.