Question
Suppose the real GDP of an economy is $420 billion dollars and its unemployment rate is 8%. If the natural rate of unemployment is estimated
Suppose the real GDP of an economy is $420 billion dollars and its unemployment rate is 8%. If the natural rate of unemployment is estimated at 4%, 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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Macroeconomics
Authors: David Colander
8th edition
978-0078004407, 78004403, 978-0077247171, 77247175, 978-0077307110
