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Sunny_sXe [5.5K]
3 years ago
12

Okun's law Multiple Choice quantifies the relationship between nominal and real incomes. shows the relationship between the unem

ployment rate and the size of the negative GDP gap. measures the trade-off between the rate of inflation and the rate of unemployment. indicates the number of years it will take for a constant rate of inflation to double the price level.
Business
1 answer:
topjm [15]3 years ago
8 0

Answer:

shows the relationship between the unemployment rate and the size of the negative GDP gap.

Explanation:

Okun's law focuses on the relationship that exists between unemployment and economic growth. It's states that the gross domestic product of a nation should grow at about 4% to result in an unemployment rate reduction of 1%.

So it follows that if unemployment rate rises there will be a negative gap in the GDP of a country.

Employed labour is needed to produce output that will grow the economy and the GDP.

However when unemployment increases there is less labour and low output level, resulting in reduction of GDP.

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In assessing whether the improvement in advertising sales can properly be attributed to the reorganization, it would be most hel
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Answer:

The question is incomplete, please see complete question below:

Following several years of declining advertising sales, the Greenville Times reorganized its advertising sales force two years ago. Before the reorganization, the sales force was organized geographically, with some sales representatives concentrating on city-center businesses and others, on different outlying regions. The reorganization attempted to increase the sales representatives' knowledge of clients' businesses by having each sales representative deal with only one type of industry or of retailing. After the reorganization, advertising sales increased.

In assessing whether the improvement in advertising sales can properly be attributed to the reorganization, it would be helpful to find out each of the following EXCEPT:

A.Two years ago, what proportion of the Greenville Times' total revenue was generated by advertising sales?

B.Has the circulation of the Greenville Times increased substantially in the last two years?

C.Has there been a substantial turnover in personnel in the advertising sales force over the last two years?

D.Before the reorganization, had sales representatives found it difficult to keep up with relevant developments in all types of businesses to which they are assigned?

E.Has the economy in Greenville and the surrounding regions been growing rapidly over the last two years?

The correct answer is

<em>A.Two years ago, what proportion of the Greenville Times' total revenue was generated by advertising sales? </em>

Explanation:

The  proportion of the Total Revenue (TR) generated by advertising sales is of no significance. Our objective is to find out if there was an improvement in advertising sales that can  properly be attributed to the reorganization.

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