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

question 51

Multiple Choice

In Macroland,a country that operates according to Okun's law,potential GDP equals $10 trillion,the actual rate of unemployment is 8%,and the natural unemployment rate is 6%.What is actual GDP in Macroland?

• A) $9.6 trillion.
• B) $9.8 trillion.
• C) $10 trillion.
• D) $10.2 trillion.
• E) $10.4 trillion.

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Definitions:

Middle Eastern

Pertaining to the geographical region that encompasses Western Asia and Egypt, characterized by its distinct cultural, linguistic, and religious identities.

Western European

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Eastern European

Referring to the geographical region of Europe that encompasses countries to the east of Germany and Austria, characterized by distinct cultural and historical identities.

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