Answer:
A) $24 billion
Explanation:
Here is the complete question :
Potential Real GDP $200 Billion
Natural Rate of Unemployment- 6 Percent
Actual Rate of Unemployment- 12 Percent
Refer to the accompanying data, which is for a specific year in a hypothetical economy for which Okun's law is applicable. The amount of output being forgone by the economy is
C) $15 billion. D) $18 billion. A) $12 billion. B) $24 billion.
According to Okun's law, a 1% decline in unemployment results in a 2% fall in potential GDP
Decline in unemployment = Actual Rate of Unemployment - Natural Rate of Unemployment
12 - 6 = 6%
decline in output = 6% x 2% = 12%
potential GDP lost = 12% x $200 Billion = 24 billion
Answer:
a) attached below
b) stable equilibria = x = 0.1 , x = 0.8
unstable equilibria = other value except 0.1 , 0.8
c) 0.5 , 0.6
Explanation:
Benefit of using the local roads = 1 + 8x - 9x^2
Benefit of using the free way = 3.6
a) Attached below is the required graph
<u>b) Determine The possible equilibrium traffic patterns from the graph </u>
stable equilibria : x = 0.1 , x = 0.8 ( this id because at these given value the benefits of using either routes is equal )
unstable equilibria : every other value of X except 0.1 and 0.8
<u>c) Determine the value of x that maximizes the total benefit to the population</u>
The value of X that maximizes the total benefit to the population = 0.5 and 0.6
attached below is the detailed solution
The answer should be D if not it's A
<span>A reference is a person who will attest to your ability to perform a particular job. A person has to face several examinations before he receives a job through an employer. Employers need to check the individual's background of previous performance, experience, and skills. A reference could provide the information needed for that examination.</span>
The policy is not practical because it is not enforceable. Lots of shops or businesses will not practice this as it will scare customers away.
<h3>Why is the policy not fair?</h3>
The policy is not fair because throw away paper is recyclable while plastic bags are not. Hence people who use paper should not be charged as much as those who use plastic bags, if at all.
<h3>What is the saving due if a person brings their own container to bag their groceries?</h3>
They most likely wills save 5% on every purchase made.
<h3>Why are environmental policies important?</h3>
The goal of environmental law is to safeguard the
- land,
- air,
- water, and
- soil.
Infractions of these rules result in a variety of penalties, including fines, community service, and, in severe circumstances, jail time.
Without environmental regulations, the government would be unable to penalize people who harm the environment.
Learn more about environmental policies:
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