Question
Suppose the real GDP of an economy is $400 billion dollars and its unemployment rate is 7%. If the natural rate of unemployment is estimated
Suppose the real GDP of an economy is $400 billion dollars and its unemployment rate is 7%. If the natural rate of unemployment is estimated at 5%, what is the value of the country's potential GDP (LAS) in billions of dollars? Value of the country's potential GDP (LAS) is $ _____billion.
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Clifford W. Smith Jr., Jerold Zimmerman
6th edition
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