In Okunland,a Country That Operates According to Okun's Law,potential GDP

question 66

Multiple Choice

In Okunland,a country that operates according to Okun's law,potential GDP equals $8,000 billion,the actual rate of unemployment is 8%,and the natural unemployment rate is 5%.What is actual GDP in Okunland?

• A) $7,360 billion.
• B) $7,520 billion.
• C) $8,000 billion.
• D) $8,240 billion.
• E) $8,480 billion.

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Definitions:

Key Partners

Strategic relationships and alliances with other businesses or individuals that contribute to a company's success.

Distributors

Companies or individuals that facilitate the movement of products from manufacturers to the marketplace or consumers.

Value Proposition

The unique value a product or service provides to customers, distinguishing it from competitors.

Business Model Canvas

A visual framework for strategic management, aimed at creating or detailing current business models by highlighting a company’s value offering, organizational structure, customer base, and financial strategy.