Assume that for the third quarter of 2012, actual real GDP was $176.1 billion and potential real GDP was $163.9 billion. According to Okun's law, the cyclical unemployment rate during the third quarter of 2012 was

A) -6.1%.
B) -3.7%.
C) 3.5%.
D) 6.1%.

B

Economics

You might also like to view...

The overall predictive power of the estimated regression equation is measured by the F-statistic

Indicate whether the statement is true or false

View
Economics

Collateralized debt obligations (CDOs) were first issued in

A) 1980s. B) 1990s. C) 2000. D) 2001.

View
Economics