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ZanzabumX [31]
3 years ago
6

According to okun’s law, how much output (real gdp) was lost in 2009 when the nation’s unemployment rate increased from 5.8 perc

ent to 9.3 percent? (real gdp in 2009 was $14,419 billion).
Business
1 answer:
WINSTONCH [101]3 years ago
5 0

Answer: Decline in GDP = $1009.3 billion

Explanation:

Okun's law shows us the relationship between a nation's unemployment rate and its level of output or real GDP.

According to the Okun's law,

Loss in GDP=  2* (9.3 - 5.8) = 7%

Therefore, a 7% decline in GDP as compared to the level in 2009 means,

Change in GDP = -0.07 * 14419 billion

= 1009.33 billion or 1009.3 billion

Thus, GDP declined by $1009.3 billion.

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Answer: d. any of the choices.

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3 years ago
How can cybercriminals harm a person whose personal information they have stolen?
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A commitment whereby the underwriter agrees to purchase any portion of an issue offered to existing shareholders under a rights
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A commitment whereby the underwriter agrees to purchase any portion of an issue offered to existing shareholders under a rights offering that is left unsubscribed is known as a stand-by commitment.

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Commitment usually refers to the insurer's agreement to assume all inventory risk. A firm commitment also means agreeing to buy and sell all IPO securities directly from the issuer. Other uses of commitments relate to loans and derivatives.

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2 years ago
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Answer:

The price of the bond is $1000. Thus, option a is the correct answer.

Explanation:

The price of a bond is calculated using the present value of the interest payments made by the bond, which is in the form of an annuity, plus the present value of the face value of the bond. The present value is calculated by discounting the annuity of interest and the face value by the YTM or yield to maturity. In case YTM is not provided, we assume that it is same as or equal to the coupon rate paid by the bond.

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75% is the best answer
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