The Table Below Shows Real GDP,potential GDP and the Unemployment

question 93

Multiple Choice

The table below shows real GDP,potential GDP and the unemployment rate for a hypothetical economy. TABLE 30-3 Refer to Table 30-3.What is the NAIRU in this economy?

• A)5.9%
• B)6.1%
• C)6.2%
• D)6.4%
• E)7.0%

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Definitions:

Random Number

A number chosen by a random process for statistical purposes or simulations.

Subjective Sampling

A sampling method where the samples are selected based on the opinion or judgment of the selector rather than random or statistical methods.

Uniformly Distributed

A type of distribution where all outcomes are equally likely within a certain range.

Random Sampling

The process of selecting a subset of individuals from a population in such a way that every individual has an equal chance of being selected.