According to this law, when unemployment goes up by 1%, GDP drops by 2%. In the question, unemployment rate goes from 2% to 5%, meaning unemployment goes up by 3%, so the GDP drops by 6%. Thus the effect is a drop in GDP by 6%.
Answer: 1/3
Step-by-step explanation:
1 divided by 3 = 1/3
Answer:
Huh...? You said free points...
Step-by-step explanation:
Answer:
dont understand clearly
Step-by-step explanation:
dont understand clearly
