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suppose that potential gdp in the usa is $5200 in year 1 and real gdp is $5000. Potential gdp grows at a rate of 2%
suppose that potential gdp in the usa is $5200 in year 1 and real gdp is $5000. Potential gdp grows at a rate of 2% per year . Using okun's law,determine the cyclical unemployment in the usa. Whaat is the cyclical rate of unemployment in year 1?
if the real gdp in year 4 is $5200, what is the cyclical rate of unemployment in year 4 ?
If the real gdp in year 5 is $5500. What is the cyclical rate of unemployment in year 5?
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