How to come up with the potential output

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Reference no: EM13244841

Use Okun's law to calculate the GDP Gap if actual U= 10% andUn= 6%. If actual Gdp is 100, then what is the value for potentialoutput? I got the GDP gap and its +.08, how do you come up with thepotential output?
If potential output is 10,000, actual output is 8,000 and Un=4%, then what is the actual unemployment rate according to Okun'slaw?

Reference no: EM13244841

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How to come up with the potential output : Use Okun's law to calculate the GDP Gap if actual U= 10% andUn= 6%. If actual Gdp is 100, then what is the value for potential output I got the GDP gap and its +.08, how do you come up with the potential output

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