The business cycle component of the log of real per capita GDP is equal to
◦ log of trend GDP divided by log of actual real GDP.
◦ log of trend per capita GDP - log of actual real per capita GDP.
◦ log of actual real per capita GDP - log of trend per capita GDP.
◦ log of actual real GDP divided by log of trend GDP.
◦ log of trend GDP - log of actual real GDP.