The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses below rounded to one decimal place.a. The size of its recessionary gap is $ .b. The size of this gap as a percentage of its actual GDP is %.c. If the natural rate of unemployment is 6%, use Okun’s law to calculate the amount of actual unemployment in Altrua.    The actual rate of unemployment is %.

In the news,the claim is that the Australian economy is experiencing an expansionary output gap of 4 percent.If the Okun's law coefficient is B=2 and the natural rate of unemployment is 4 percent, what is the unemployment rate? O 6% ○2% ○-2% ○-1% ○1%

Suppose that the "equilibrium" unemployment rate is 5% during these years.  Use Okun's Rule of Thumb and the data from the previous question to predict what the unemployment rate would have been in 2020.Group of answer choicesapproximately 2.4%approximately 5%approximately 7.6%approximately 15%need more information to determine the correct answer

Suppose the whole society experiencing expansion economic cyle,we can see a _______ output gap,and the unemployment rate is ________ than the employment rate when the economy is at the potential GDP.

If the output gap equals 0%, then Group of answer choices there is an expansionary gap cyclical unemployment equals the sum of structural and frictional unemployment the actual rate of unemployment is greater than the natural rate of unemployment. there is no cyclical unemployment potential GDP is greater than actual GDP

Okun's alpha is α = 2 and potential GDP equals YP = 10,000. Currently there is no cyclical unemployment in this country. The nominal wage equals W = 10,000 and the general price level is P = 100. In this country natural unemployment is percent and the real GDP equals .