Business, 29.10.2019 04:31, avanelson01
Suppose the population of a country is 1.1 million and the labor force is 800,000. 760,000 are employed. assume that full-employment occurs at a 4 percent unemployment rate at a real gdp level of $100 billion. based on the information above use okun's law to find how much potential gdp has been lost because the economy is not at full employment?
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Suppose the population of a country is 1.1 million and the labor force is 800,000. 760,000 are emplo...
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