Question
Suppose the real GDP of an economy is $520 billion dollars and its unemployment rate is 8%. If the natural rate of unemployment is estimated
Suppose the real GDP of an economy is $520 billion dollars and its unemployment rate is 8%.
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?
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Granularity Theory With Applications To Finance And Insurance
Authors: Patrick Gagliardini, Christian Gourieroux, Christian Gouriéroux
1st Edition
1316057135, 9781316057131
