When everything is said and done, the accurate answer for 2019.
A nation's gross domestic product (GDP) is the total worth of all the products and services produced inside the nation over a given time period, usually a year.
As a currency, it has a definite value. All of a country's resources and technology can be exploited to their full capacity when the economy achieves full employment or reaches its maximum production.
In this situation, the term "full employment" is used to describe the situation.
Although the economy can grow at its fastest pace in the short run when it is in full employment, this is also the fastest growth rate that can be attained in the long run. Although the structural and frictional unemployment rates constitute important portions of the total rate, the natural rate of unemployment is composed of additional elements as well.
At a level of GDP near to their potential, a person's unemployed rate equals the sum of their jobless rate and jobless rate induced by other factors.
Real GDP potential, according to the World Bank, is equivalent to real GDP at this stage of development.
In 2019, there will be no cyclical unemployment. When there is no real unemployment and the natural unemployment rate remains constant in 2019, as seen in this example, there is also no cyclical unemployment.