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Zarrin [17]
3 years ago
5

If the natural rate of unemployment was 6 percent, the current unemployment rate was 8 percent, and potential GDP was $4,000 bil

lion, then according to Okun's law the economy would have sacrificed Multiple Choice $160 billion in output not produced. $360 billion in output not produced. $240 billion in output not produced. $480 billion in output not produced.
Business
1 answer:
dmitriy555 [2]3 years ago
4 0

Answer:

a. $160 billion in output not produced.

Explanation:

Okun law equation

GDP gap = Actual GDP * ((Unemployment rate -Natural rate)/100)*2

GDP gap = $4,000*((8-6)/100)*2

GDP gap = $4,000*(0.02)*2

GDP gap = $4,000*0.04

GDP gap = $160

Therefore,  according to Okun's law, the economy would have sacrificed $160 billion in output not produced.

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Describe your motivation for becoming a licensed cosmetologist/manicurist.<br><br>please help ​
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6 0
1 year ago
Blues Inc. manufactures jeans in the cutting and sewing process. Jeans are manufactured in 40-jean batch sizes. The cutting time
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a. Value added time = Cutting time + Sewing time

Value added time = 5 minutes + 20 minutes

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Non-value added time = 977 minutes

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Blossom Company has the following inventory data:
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Answer:

Ending inventory= $916.2

Explanation:

Giving the following information:

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3 years ago
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