Register
According to Okun's law, if the unemployment rate goes from 3% to 7%, what will be the effect on the GDP?
8.8k views
2 votes
According to Okun's law, if the unemployment rate goes from 3% to 7%, what

will be the effect on the GDP?

User Charles Steinkuehler
by
8.0k points

2 Answers

5 votes
The GDP should decrease by 2.5% or 2.75%
User Lunohodov
by
7.3k points
2 votes

Answer: decrease in the GDP by 2.5%.

Explanation:

User Imran Faruqi
by
8.0k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Write words to match the expression. 24- ( 6+3)
Link Copied!