According to Okun's Law, if the natural unemployment rate is 5 percent, the actual unemployment rate is 4 percent, and potential GDP is $15 trillion, then actual real GDP is

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Okun's Law suggests that for every 1% decrease in unemployment rate below the natural rate, GDP increases by about 2%. With a 1% decrease (from 5% to 4%), GDP increases by 2% of $15 trillion, which is $0.3 trillion, making actual GDP $15.3 trillion.

According to Okun's Law, If the Natural Unemployment Rate Is