Suppose that the natural rate of unemployment in a particular year is 4 percent and the actual unemployment rate is 11 percent. a. Use Okun's law to determine the size of the GDP gap percentage-point terms b. If potential GDP is $500 billion in that year, how much output is forgone because of cyclical unemployment?

What are two benefits of consumer programs

When a company produces and sells x thousand units per week, its total weekly profit is p thousand dollars, where upper p equals startfraction 800 x over 100 plus x squared endfraction . the production level at t weeks from the present is x equals 4 plus 2 t. find the marginal profit, startfraction dp over dx endfraction and the time rate of change of profit, startfraction dp over dt endfraction . how fast (with respect of time) are profits changing when tequals8?

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be: