Answer:
$3,500
Step-by-step explanation:
500:3
3x7=21
500x7=3,500
$3,500 for 21 cilents
.503 is written as a decimal.
You move the dot left 2 times
You have to multiply 8 and 2 1/2 which is 20. Then divide 20 and 200. Then you get 10 and that is your answer.
Answer:
The GDP gap is 9 % when there is 4.5 % unemployment.
Step-by-step explanation:
The statement shows a reverse relationship, where an increase in unemployment is following by decrease in potential GDP and can be translated into the following rate:

The GDP gap at a given increase in unemployment can be estimated by the following expression:


Where:
- GDP gap-unemployment increase rate, dimensionless.
- Increase in unemployment rate, measured in percentage.
- GDP gap, measured in percentage.
If
and
, the GDP gap is:


The GDP gap is 9 % when there is 4.5 % unemployment.