Potential GDP Is $5,000 Billion and the Natural Unemployment Rate

Essay

Potential GDP is $5,000 billion and the natural unemployment rate is 5 percent.Based on these data, complete the table below by using Okun's law to calculate real GDP for the different unemployment rates.
$\begin{array}{cc}\begin{array}{c}\text { Unemployment rate } \\\text { (percentage) }\end{array} & \begin{array}{c}\text { Real GDP } \\\text { (billions of } \\\text { 2005 dollars }\end{array} \\\hline 3 & - \\4 & - \\5 & - \\6 & \\7 &\end{array}$