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maxonik [38]
4 years ago
8

(c) using okun's law, how more much would total output (gdp) have had to grow to create that many jobs?

Business
1 answer:
ankoles [38]4 years ago
4 0
<span>First and foremost, it should be understood that Okun's Law is an empirical observation. The law is founded in a perceived relationship between gdp and unemployment. In this sense, Okun's Law is an approximation and not rightly a Law derived from theory. There is some debate as to how much of a decrease in gdp actually occurs from an increase in unemployment, but two leading figures have offered estimations. Martin Prachowny gives the ratio 3:1, such that for every 1% increase in unemployment, a country's gdp drops by 3%. Ben Bernake more recently has offered a revised estimation, placing it closer to 2:1. Therefore, to find the inverse, a country's GDP would have to grow by 2-3% in order to reduce unemployment by 1%.</span>
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4 years ago
Which of the following are signs of a person being in credit distress?
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Answer:

C. Only making minimum payments on credit cards each month

Explanation:

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Poor budgeting, unnecessary debt load, poor financial decisions lead to credit distress among individuals. Other signs of credit distress include living or over-relying on overdrafts, problem paying bills on time, and getting reminder collection calls and past-due notices.

5 0
4 years ago
What IHRM activities would be pertinent to the sending, by Médecins Sans Frontieres, of a medical team into a country such as Ba
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Answer:

Human resource management is responsible for strategically managing labor relations in an organization so that its goals and objectives are achieved. The HR department is responsible for providing employees with working conditions, training and ideal remuneration so that the work is carried out in a legal, fair and ethical manner, so that there is an organizational culture in the company that favors communication and interpersonal relationships.

In the case of sending an average team to a country like Bangladesh, it would be necessary for HRM to play an essential role in meeting the needs of its employees in a foreign country, considering that Bangladesh is a country with extreme conditions of poverty and social inequality, the medical team should be well prepared by HR with adequate support and training to deal with adverse conditions such as lack of social security, poverty, epidemics, and other relevant and culturally distinct issues, so that the team does not face a reality shock that makes it difficult to work and the achievement of the proposed objectives.

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3 years ago
Do you believe your country would be more or less safe if every adult owned a gun?
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4 years ago
Suppose that the total production of an economy consists of 4 oranges and 10 candy bars, each orange sells for $0.25, and each c
yulyashka [42]

Answer: $6

Explanation:

Total production of oranges= 4

Total production of candy bars=10

Each orange sells for=$0.25

Total market value of orange production=price × quantity

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Each candy bar sells for= $0.50

Total market value of candy bar production=price of candy bar × quantity of candy bar

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The total market value of production in the economy= Total market value of Orange production + Total market value of candy bar production

=$1 + $5

=$6

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3 years ago
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