In Okunland,a country that operates according to Okun's law,actual GDP equals $7,520 billion,the actual rate of unemployment is 8%,and the natural unemployment rate is 5%.What is potential GDP in Okunland?
A) $7,500 billion.
B) $7,745.6 billion.
C) $7,752.6 billion.
D) $8,000 billion.
E) $8,121.6 billion.
Correct Answer:
Verified
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