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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.
<h3><em>Answer:</em></h3>
<em>mean = 4</em>
<em>Median = 3</em>
<em>Mode = 1</em>
Step-by-step explanation:
first let’s arrange the numbers from least to highest:
1 , 1 , 1 , 2 , 3 , 3 , 5 , 5 , 15
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The median is the number that’s comes in the middle of the data set ⇒ median = 3 ( the fifth number in the data set)
1 , 1 , 1 , 2 , <u>3</u>, 3 , 5 , 5 , 15
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The mode is the number that repeats the most ⇒ mode = 1 (repeated 3 times)
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