If the natural unemployment rate is 5 percent and the actual unemployment is 3 percent, then Okun's Law concludes that real GDP is
A) 2 percent greater than potential GDP.
B) 4 percent less than potential GDP.
C) 3 percent greater than potential GDP.
D) 4 percent greater than potential GDP.
E) 2 percent less than potential GDP.
D
Economics
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The record of all international financial transactions in which a nation has engaged over a year is known as the: a. current account
b. capital account. c. balance of payments. d. the unilateral transfers balance.
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The CPI was 138 in one year and 146 the following year. Approximately how much did prices rise between the two years?
a. 4.29 percent b. 5.5 percent c. 5.08 percent d. 5.8 percent
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