Question: Refer to the data in the table and use Okun's law to determine the size of GDP gap in percentage-point terms as well as how

Refer to the data in the table and use Okun's law to determine the size of GDP gap in percentage-point terms as well as how much output is being forgone. Potential Real GDP 200 500 400 380 Natural rate of unemployment 6

Potential Real GDP 200 500 400 380 Natural rate of unemployment 6 5 6 5 Actual rate of unemployment 12 9 11 9.3 Negative GDP Gap Absolute loss of output

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