Assume that for the fourth quarter of 2012, nominal GDP was $245 billion, potential real GDP was $260 billion, and the GDP deflator was 112. According to Okun's law, the cyclical unemployment rate during the fourth quarter of 2012 was

A) 2.9%.
B) 3.1%.
C) 8.0%.
D) 8.4%.


C

Economics

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