Suppose the natural unemployment rate is 5 percent, the actual unemployment rate is 6 percent, and potential GDP is $5,000 billion. Based on Okun's Law, real GDP is equal to ________ billion
A) $4,000
B) $4,900
C) $5,900
D) $5,000
E) $5,100
B
Economics
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The goal of price discrimination is to
a. Convert consumer surplus to producer surplus b. Maximize profits c. Both a and b d. Make pricing decision difficult
Economics
The balance of payments consists of the
A) current account, capital account, and gold flows. B) current account, official reserve transactions account, and monetary account. C) current account, capital account, and official reserve transactions account. D) capital account, official reserve transactions account, and recent account.
Economics