The amount by which actual GDP falls short of potential GDP is one measure of the:

A.  Natural rate of unemployment
B.  Macroeconomic cost of unemployment
C.  Difference between real and nominal GDP
D.  Potential to produce outside the nation's PPC

B.  Macroeconomic cost of unemployment

Economics

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What will be an ideal response?

Economics

Refer to Figure 9-1. Under autarky, the deadweight loss is

A) $0. B) $30. C) $15. D) $40.

Economics