If potential GDP in India is ________ million rupees, India is experiencing ________.
A. 26,500; an inflationary gap
B. 28,500; an above full-employment gap
C. 26,500; a recessionary gap
D. 30,000; a potential GDP gap
Answer:A
If potential GDP in India is ________ million rupees, India is experiencing ________.
A. 26,500; an inflationary gap B. 28,500; an above full-employment gap C. 26,500; a recessionary gap D. 30,000; a potential GDP gap