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navik [9.2K]
3 years ago
6

Please help !! i’ll give 5 stars if help.

Mathematics
1 answer:
Firlakuza [10]3 years ago
6 0

Answer:

true

Step-by-step explanation:

there are two x-intercepts

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Suppose that the natural rate of unemployment in a particular year is 4 percent and the actual unemployment rate is 13 percent.
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a. 18 percent

b. $90 billion

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Difference=13%-4%

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Therefore the the size of the GDP gap in percentage-point terms is 18 percent

b. Calculation to determine how much output is forgone because of cyclical unemployment

Forgone Output :

By applying Okun’s law we known that the GDP gap is 18%, which means that we are 18% below the GDP amount which is given as $500 billion,

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Output forgone = (18/100) ×$500 billion

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Output forgone=$90 billion

Therefore the Forgone Output is $90 billion

6 0
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