Answer: $2 billion
Explanation:
Okun's law posits that for every percentage point that actual unemployment rate is above the natural unemployment rate, actual GDP will be lower than potential GDP by 2%.
Actual rate of unemployment here is:
= (Labor force - Employed) / Labor force
= (800,000 - 760,000) / 800,000
= 5%
Actual unemployment - Natural unemployment:
= 5 - 4
= 1%
Potential GDP lost is:
= (1% * 2) * 100 billion
= 2% * 100 billion
= $2 billion
Where is the statement ??
She had just begun the purchase decision process.
<u>Explanation:</u>
The purchasing decision process is the process which a person takes in order to plan what he wants to and have to buy according to the needs of that person so that the needs of the person is satisfied and met.
The purchasing decision process is taken by the person keeping in mind the resources that the person has which are needed to buy the thing that he wants. If he does not have the appropriate resources, then the decision had to be changed.
Answer:
She failed to properly assess her risk of storm damage.
Explanation: Edge 2021
Answer:
The answer is D - mostly by producers but partially by consumers.
Explanation:
Tax incidence depends on the relative price elasticity of demand and supply. When supply is more elastic than demand, buyers bear most of the tax burden but when demand is more elastic than supply, producers bear most of the cost of tax and consumers bear less.
