According to Okun's Law, if the natural unemployment rate is 5 percent, the actual unemployment rate is 4 percent, and potential GDP is $15 trillion, then actual real GDP is

A) $14.7 trillion.
B) $15.4 trillion.
C) $15.0 trillion.
D) $12.0 trillion.
E) $15.3 trillion.

E

Economics

You might also like to view...

An American insurance company hires a call center in India to handle customer service calls in order to cut costs. Other things equal, this will ________ of the United States

A) decrease the financial account balance B) decrease net exports C) decrease the capital account balance D) increase the current account balance

Economics

There are stereotypes (myths) about home-based businesses. Which of the following statements is a stereotype?

a. Most home-based businesses are run by women such as child care centers b. Most home-based businesses are run by men on computers c. It is hard to have a home-based business, too many conflicts d. Most home-based businesses are financially stable, rewarding

Economics