The table below shows real GDP,potential GDP and the unemployment rate for a hypothetical economy.
TABLE 30-3
-Refer to Table 30-3.In which years is this economy operating at full employment?
Definitions:
Terminating Decimal
A decimal that comes to an end or has a finite number of digits after the decimal point.
Decimal Equivalent
The numerical representation of a fraction where the numerator is divided by the denominator to produce a decimal.
Percent Equivalent
The fraction or decimal expressed as a percentage.
Five-figure Accuracy
Refers to precision up to the fifth digit, often used in scientific, technical, or financial data to indicate a high level of exactness.
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