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Answer: Decline in GDP = $1009.3 billion
Explanation:
Okun's law shows us the relationship between a nation's unemployment rate and its level of output or real GDP.
According to the Okun's law,

Therefore, a 7% decline in GDP as compared to the level in 2009 means,

= 1009.33 billion or 1009.3 billion
Thus, GDP declined by $1009.3 billion.