Suppose that the natural rate of unemployment in a particular year is 4 percent and the actual unemployment rate is 13 percent. Instructions: Enter your answers as a whole number.

a. Use Okun’s law to determine the size of the GDP gap in percentage-point terms.

percent

b. If potential GDP is $500 billion in that year, how much output is forgone because of cyclical unemployment?

$ billion

step-by-step explanation:

answers available in this download

(pearson%2c%25202012)%2520bbs.pdf& usg=aovvaw1obmtxnfghfgxhx0urh_je

3.how is solving radical equations different than solving linear equations?

step-by-step explanation:

answer: first option i.e. 'a' is correct.

step-by-step explanation:

since we have given that

number of minutes to wrap a small gift box = 4 minutes

we need to find the number of gifts to be wrapped in 5 minutes

since there is a direct variation, as the number of minutes will increase with   number of gifts to be wrapped.

so, let the number of gifts to be wrapped in 5 minutes be x.

so, it becomes,

hence, first option 'a'   is correct.