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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.

2007-10-22 16:31:53 · 1 answers · asked by Paul C 2 in Social Science Economics

1 answers

9% - 5% = 4%

6000 x 4% = $240 Billion, this is your loss in real GDP

2007-10-22 17:33:52 · answer #1 · answered by Toot 3 · 0 0

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