Assume That the Full-Employment Level of Output Is $5000 Billion

Multiple Choice

Assume that the full-employment level of output is $5000 billion and the natural unemployment rate is 5%.Suppose the current unemployment rate is 8%.What would be the current level of output according to Okun's law (when the Okun's law coefficient is 2) ?

A) $4500 billion
B) $4700 billion
C) $4900 billion
D) $5000 billion