99. In Macroland, a country that operates according to Okun's law, real GDP is $9.6 trillion, the actual rate of unemployment is 8 percent, and the natural unemployment rate is 6 percent. What is potential GDP in Macroland? A. $9.6 trillion B. $9.8 trillion C. $10.0 trillion

99. In Macroland, a country that operates according to Okun's law, real GDP is $9.6 trillion, the actual rate of unemployment is 8 percent, and the natural unemployment rate is 6 percent. What is potential GDP in Macroland? A. $9.6 trillion B. $9.8 trillion C. $10.0 trillion

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter6: How Statisticians Measure Inflation

Section: Chapter Questions

Problem 3TY

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99. In Macroland, a country that operates according to Okun's law, real GDP is $9.6 trillion, the actual
rate of unemployment is 8 percent, and the natural unemployment rate is 6 percent. What is
potential GDP in Macroland?
A. $9.6 trillion
B. $9.8 trillion
C. $10.0 trillion

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