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2) Calculate the GDP gap in Canada if the actual GDP is $600,000,000,000, the natural rate of unemployment is 5.4%, and the actual unemployment
2) Calculate the GDP gap in Canada if the actual GDP is $600,000,000,000, the natural rate of unemployment is 5.4%, and the actual unemployment rate is 6.6%.
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The GDP gap measures the difference between actual GDP and potential GDP which is the level of outpu...
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The Economics of Money Banking and Financial Markets
Authors: Frederic S. Mishkin
11th edition
133836797, 978-0133836790
