Multiple Choice
According to Okun's Law, if the natural unemployment rate is 5 percent, the actual unemployment rate is 4 percent, and potential GDP is $10 trillion, then actual real GDP is
A) $12 trillion.
B) $11 trillion.
C) $9.6 trillion.
D) $10.4 trillion.
E) $10.2 trillion.
Correct Answer:
Verified
Correct Answer:
Verified
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