If Potential GDP for the Fourth Quarter of 2012 =

question 39

Multiple Choice

If potential GDP for the fourth quarter of 2012 = $58.5 billion,and real GDP for the fourth quarter of 2012 = $53.7 billion,then the output gap was

• A) -8.9%.
• B) -8.2%.
• C) 8.2%.
• D) 8.9%.

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Definitions:

Benchmark

A standard or reference by which the performance of a security, manager, or investment portfolio can be measured.

Standard Deviations

An indicator of how widely data points are distributed around the mean, showing the spread of a dataset.