Question
101.The economy of Alpha operates according to Okun's law. In Alpha potential GDP equals $500
billion, actual GDP equals $520 billion, and the natural rate of unemployment is 5%. What is the
actual rate of unemployment in Alpha?
А. 3%
B. 4%
C. 5%
Expand
Transcribed Image Text

101.The economy of Alpha operates according to Okun's law. In Alpha potential GDP equals $500 billion, actual GDP equals $520 billion, and the natural rate of unemployment is 5%. What is the actual rate of unemployment in Alpha? А. 3% B. 4% C. 5%

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