According to the IMF,in 1994,Canada's Output Gap Was - 4

question 32

Multiple Choice

According to the IMF,in 1994,Canada's output gap was - 4.6% of potential output.In the same year,the unemployment rate was 10.3%.Okun's law implies that,in 1994,Canada's natural rate of unemployment was

• A) 8%.
• B) 5%.
• C) 6%.
• D) 7%.
• E) 4%.

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Definitions:

Physical Closeness

The proximity or physical distance between individuals, which can impact communication, collaboration, and interpersonal relationships.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Productivity

The measure of efficiency in which goods or services are created, often evaluated as the output per unit of input.

Fulfillment

A feeling of satisfaction or happiness as a result of fully developing one's abilities or character.