Using Okuns law, fill in the four pieces of missing data in the table below. All of the following data are hypothetical.

Year. Real GDP Potential GDP Natural Unemployment Rate (%). Actual Unemployment Rate (%)

2015 13,536 14,400 5 (a)

2016 14,500 (b) 5 5

2017 (c) 14,800 5 4.5

2018 15,444 14,850 (d) 4

Instruction: Enter your responses as whole numbers. a. Actual unemployment rate in 2015: _____ % b. Potential GDP in 2016: $ ______ c. Real GDP in 2017: $ _______

Instructions: Enter your response rounded to one decimal place.

d. Natural unemployment rate in 2018: _____ %