Calculate the output gap for each year

When an economy's output is than its potential output, the gap is known as a recessionary gap.

The data in the table below are for the economy of Merton, which has a natural rate of unemployment of 5%.What is the size of the GDP gap for each of the three years? Enter your responses rounded to two decimal places, in the final row of the table.   2018 2019 2020Real GDP ($billions) $765 $850 $925Unemployment rate 6.0% 8.0% 7.0%GDP Gap (billions) $ $ $

When the input integer variable yearCount is:less than or equal to 2014, output "20th century".between 2014 exclusive and 2072 exclusive, output "21st century".greater than or equal to 2072, output "Unforeseeable future".End with a newline.

Consider the following time series: Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Sales 4 6 5 8 9 5 4 3 7 8 Calculate a three-year moving average (MA(3)) for the second subset of three years (i.e. 2011-2013). Round your final answer to two decimal places.

An economy is has an output gap of 2.5% in Marchand an output gap of 1.5% in April. We can say that in March ______________ and in April _________________.firms and machines are underutilised; firms and machines are still underutilised.firms and machines are underutilised; firms and machines are working overtime.firms and machines are working overtime; firms and machines are still working overtime.firms and machines are working overtime; firms and machines are underutilised.