If the Actual Rate of unemployment is 9%; the NRU (Natural Rate of unemployment) is 5 %; and the Potential Real GDP is $6000 Billion, then what is the lost of Real GDP, resulting from the Cyclical Unemployment?
All answers are appreciated. Thanks.
Economic homework question help?care credit
9% - 5% = 4%
6000 x 4% = $240 Billion, this is your loss in real GDP
No comments:
Post a Comment