Explore a world of knowledge and get your questions answered on IDNLearn.com. Our experts are available to provide accurate, comprehensive answers to help you make informed decisions about any topic or issue you encounter.

If the natural rate of unemployment was 6 percent, the current unemployment rate was 12 percent, and the potential gdp was $4,000 billion, then according to okun's law the economy would have sacrificed:

a. $240 billion in output not produced.
b. $600 billion in output not produced
c. $480 billion in output not produced.
d. $320 billion in output not produced.