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Assume that the real GDP of the economy of Galice is $400 billion dollars and its unemployment rate is 9 percent. If the frictional rate
Assume that the real GDP of the economy of Galice is $400 billion dollars and its unemployment rate is 9 percent. If the frictional rate of employment is estimated at 3 percent and the structural rate is estimated at 3 percent, what is the value of the country's potential GDP? $410 billion $430 billion $1,400 billion None of the above
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