Assume the natural rate of unemployment in the U. S. economy is 5 percent and the actual rate of unemployment is 9 percent. According to Okun's law, the negative GDP gap as a percentage of potential GDP is.
A) 2 percent.
B) 8 percent.
C) 10 percent.
D) 4 percent.
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Home » Business » Assume the natural rate of unemployment in the U. S. economy is 5 percent and the actual rate of unemployment is 9 percent. According to Okun's law, the negative GDP gap as a percentage of potential GDP is. A) 2 percent. B) 8 percent. C) 10 percent.