The table below shows data for India's economy. Real GDP is measured in millions of rupees. Suppose that full employment occurs when real GDP is 27,000 million rupees.
The economy is experiencing ________ gap and firms will ________.
Definitions:
Chiefs Of Staff
Senior officials who lead the administrative and managerial functions of an organization, often within government or military.
Cold War
A period of geopolitical tension and ideological conflicts between the United States and the Soviet Union, from the late 1940s to the early 1990s.
Soviet Union
A former federal socialist state in northern Eurasia that existed from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR).
Communist-Allied
Being aligned or associated with Communist ideologies or entities, often in a geopolitical sense referring to nations or groups.
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