If the natural unemployment rate is 5 percent, the actual unemployment rate is 8 percent, and potential GDP is $15 trillion, then according to Okun's Law, real GDP is
A) $13.8 trillion.
B) $15.9 trillion.
C) $13.05 trillion.
D) $14.25 trillion.
E) $14.1 trillion.
E
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A forecaster used the regression equationQt = a + bt + c1D1 + c2D2 + c3D3and quarterly sales data for 1996 I - 2013 IV (t = 1, ..., 64) for an appliance manufacturer to obtain the results shown below. Q is quarterly sales, and D1, D2 and D3 are dummy variables for quarters I, II, and III. 
Using a 5 percent significance level, these estimation results indicate that sales in
A. the first quarter are greater than sales in any other quarter. B. the second quarter are greater than sales in any other quarter. C. the third quarter are greater than sales in any other quarter. D. the fourth quarter are greater than sales in any other quarter.
To answer the question, refer to the following table showing a demand schedule: 
If price rises from $100 to $150,
A. an arrow representing the price effect points upward and is shorter than an arrow for the quantity effect, which points downward. B. the arrow representing the price effect points down and the arrow representing the quantity effect points up. C. total revenue moves up as indicated by the direction of the arrow representing the price effect. D. arrows representing the price and quantity effects both point upward. E. both c and d
If domestic savings is less than domestic investment, then
A) reserve assets will increase. B) the government runs a budget deficit. C) there will be negative foreign investment. D) a trade surplus must result.
Maximum Feasible Hourly Production Rates of EitherComputers or Bicycles Using All Available ResourcesProductUnited StatesCanadaComputers810Bicycles42Refer to the above table. It may be concluded that
A. The United States will export both goods. B. The United States will export computers and import bicycles. C. The United States will import both goods. D. Canada will export computers and import bicycles.