Multiple Choice
In Macroland, a country that 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 GDP in Macroland?
A) $9.6 trillion
B) $9.8 trillion
C) $10 trillion
D) $10.2 trillion
Correct Answer:
Verified
Correct Answer:
Verified
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