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Ede4ka [16]
3 years ago
13

According to Okun's law, if the unemployment rate goes from 7% to 4%, what will be the effect on the GDP?

Mathematics
2 answers:
Bogdan [553]3 years ago
7 0

Answer:

GDP will increase by 6% on decrease of the unemployment rate from 7% to 4%.

Step-by-step explanation:

We are given that,

The unemployment rate decreases from 7% to 4%.

It is required to find the effect of this decrease on the GDP.

Since, we know,

<em>If the unemployment rate increases (or decreases) by 1%, then the GDP will decrease (or increase) by 2%.</em>

So, we get,

As the unemployment rate decreases by 3%, GDP will increase by double of 3% i.e. 6%

Hence, the GDP will increase by 6% on decrease of the unemployment rate from 7% to 4%.

Paul [167]3 years ago
3 0
If the law is basically if unemployment goes up 1% then the GDP goes down 2%, then the unemployment rate going down 3% means the GDP will go up 6%
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1) Given: circle k(O), ED= diameter ,m∠OEF=32°, m(arc)EF=(2x+10)° Find: x
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1. The major arc ED has measure 180 degrees since ED is a diameter of the circle. The measure of arc EF is (2x+10)^\circ, so the measure of arc DF is

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###

2. Arc FE and angle EOF have the same measure, 56 degrees. By the inscribed angle theorem,

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Triangle OFE is also isosceles, so angles EFO and FEO are congruent. So we have

m\angle EFO+m\angle FEO+m\angle EOF=180^\circ\implies\boxed{m\angle EFO=62^\circ}

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Step-by-step explanation:

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