1 answer:
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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.
Answer:
To raise exactly $240, the charity needs to sell 20 snacks.
Step-by-step explanation:
Let
s = number of seats sold
y = number of snacks sold
Seats cost $24 each, then s seats cost $24s.
Snacks cost an additional $6 each, then y snacks cost $6y.
In total, s seats and y snacks cost $(24s+6y).
The charity needs to raise $240 to consider this event a success, so
If 5 seats are sold, then
To raise exactly $240, the charity needs to sell 20 snacks.
To solve this problem graphically, plot the graph of the line and find on this line point with s-coordinate 5. This is exactly point (5,20), so the charity needs to sell 20 snacks.
