In an economy nominal GDP is $4,000 billion.The actual unemployment rate is 8 percent and the natural rate of unemployment is 6 percent.According to Okun's law there will be:
A) $80 billion lost in potential output.
B) $100 billion lost in potential output.
C) $160 billion lost in potential output.
D) $300 billion lost in potential output.
Correct Answer:
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