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In Macroland, a Country Whose Economy Operates According to Okun's

Question 3

Multiple Choice

In Macroland, a country whose economy operates according to Okun's law, potential GDP equals $10 trillion, the actual rate of unemployment is 8 percent, and the natural unemployment rate is 6 percent. What is real actual GDP in Macroland?


A) $9.6 trillion
B) $9.8 trillion
C) $10 trillion
D) $10.2 trillion

Correct Answer:

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