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Assume That for the Fourth Quarter of 2012,nominal GDP Was

Question 77

Multiple Choice

Assume that for the fourth quarter of 2012,nominal GDP was $245 billion,potential real GDP was $260 billion,and the GDP deflator was 112.According to Okun's law,the cyclical unemployment rate during the fourth quarter of 2012 was


A) 2.9%.
B) 3.1%.
C) 8.0%.
D) 8.4%.

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