According to Okun's law, if output grew 7% and full-employment output rose 5%, what would be the change in the unemployment rate
1 answer:
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Answer:
- 16
Step-by-step explanation:
Average is calculated as
average =
Thus for the given 10 numbers we have
= - 5 ( multiply both sides by 10 )
total = - 50
let the number added be x, then
= - 6 ( multiply both sides by 11 )
total + x = - 66, that is
- 50 + x = - 66 ( add 50 to both sides )
x = - 16
The new number is - 16