If the natural rate of unemployment was 6 percent, the current unemployment rate was 10 percent, and the potential GDP was $4,000 billion, then according to Okun’s law the economy

If the natural rate of unemployment was 6 percent, the current unemployment rate was 10 percent, and the potential GDP was $4,000 billion, then according to Okun’s law the economy would have sacrificed
A)$160 billion in output not produced.
B)$240 billion in output not produced.
C)$320 billion in output not produced.
D)$480 billion in output not produced.


Leave a Reply

Your email address will not be published.