Actual rate of unemployment is 10%, natural rate of unemployment is 6%. Actual GDP is 1120 billion rub., Okun’s coefficient is 2,5. Calculate the potential GDP.

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asked Mar 14, 2024 121k views

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Joachim · Answer 1 · 2024-03-17T14:11:04+0000

Potential GDP = Actual GDP + (Actual Unemployment Rate - Natural Unemployment Rate) * Okun's Coefficient

Potential GDP = 1120 billion rub. + (10% - 6%) * 2.5

Potential GDP = 1140 billion rub.

Actual rate of unemployment is 10%, natural rate of unemployment is 6%. Actual GDP is 1120 billion rub., Okun’s coefficient is 2,5. Calculate the potential GDP.

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Actual rate of unemployment is 10%, natural rate of unemployment is 6%. Actual GDP is 1120 billion rub., Okun’s coefficient is 2,5. Calculate the potential GDP.​

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Actual rate of unemployment is 10%, natural rate of unemployment is 6%. Actual GDP is 1120 billion rub., Okun’s coefficient is 2,5. Calculate the potential GDP.