Multiple Choice
Suppose that real GDP is $10 trillion and the unemployment rate is 5.5%. If, over the next year, potential output grows by 2.5 percent and the unemployment rate decreases by 1 percentage point to 4.5%, real GDP will increase to
A) $10.25 trillion.
B) $10.1 trillion.
C) $10.5 trillion.
D) $10.7 trillion.
Correct Answer:
Verified
Correct Answer:
Verified
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