Using Okun's law, fill in the four pieces of missing data in the table below. All of the following data are hypothetical.NaturalActualPotentialGDPUnemployment UnemploymentRate (%)YearReal GDPRate (%)(a)15,04015,800(c)17,16016,000(b)16,00016,50020124201344:38201443.52015(d)Instruction: Enter your responses as whole numbers.a. Actual unemployment rate in 2012:b. Potential GDP in 2013: $C. Real GDP in 2014: $Instructions: Enter your response rounded to one decimal place.d. Natural unemployment rate in 2015:in( Prev23 of 25Next

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Using Okun's law, fill in the four pieces of missing data in the table below. All of the following data are hypothetical. Natural Actual Potential GDP Unemployment Unemployment Rate (%) Year Real GDP Rate (%) (a) 15,040 15,800 (c) 17,160 2012 16,000 (b) 16,000 16,500 4. 2013 4 2014 4. (d) 3.5 2015 Instruction: Enter your responses as whole numbers. a. Actual unemployment rate in 2012: % b. Potential GDP in 2013: $| c. Real GDP in 2014: $

Using Okun's law, fill in the four pieces of missing data in the table below. All of the following data are hypothetical. Natural Actual Potential GDP Unemployment Unemployment Rate (%) Year Real GDP Rate (%) (a) 15,040 15,800 (c) 17,160 2012 16,000 (b) 16,000 16,500 4. 2013 4 2014 4. (d) 3.5 2015 Instruction: Enter your responses as whole numbers. a. Actual unemployment rate in 2012: % b. Potential GDP in 2013: $| c. Real GDP in 2014: $

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Using Okun's law, fill in the four pieces of missing data in the table below. All of the following data are hypothetical.
Natural
Actual
Potential
GDP
Unemployment Unemployment
Rate (%)
Year
Real GDP
Rate (%)
(a)
15,040
15,800
(c)
17,160
16,000
(b)
16,000
16,500
2012
4
2013
4
4
:38
2014
4
3.5
2015
(d)
Instruction: Enter your responses as whole numbers.
a. Actual unemployment rate in 2012:
b. Potential GDP in 2013: $
C. Real GDP in 2014: $
Instructions: Enter your response rounded to one decimal place.
d. Natural unemployment rate in 2015:
in
( Prev
23 of 25
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