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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: There are 60 ways that they can travel to the concert.
Step-by-step explanation:
Since we have given that
Number of people want to go to a concert = 12
Number of cars = 3
Number of drivers in the group = 5
So, using the "Fundamental theorem of counting":
We get that
Hence, there are 60 ways that they can travel to the concert.
6 2/3 is the answer I hope this helps
