1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lady_Fox [76]
2 years ago
15

According to Okun's law, if the unemployment rate goes from 7% to 4%, what

Computers and Technology
1 answer:
jolli1 [7]2 years ago
8 0

Answer:

GDP will increase by 6% on decrease of the unemployment rate from 7% to 4%.

Step-by-step explanation:

We are given that,

The unemployment rate decreases from 7% to 4%.

It is required to find the effect of this decrease on the GDP.

Since, we know,

If the unemployment rate increases (or decreases) by 1%, then the GDP will decrease (or increase) by 2%.

So, we get,

As the unemployment rate decreases by 3%, GDP will increase by double of 3% i.e. 6%

Hence, the GDP will increase by 6% on decrease of the unemployment rate from 7% to 4%.

You might be interested in
One of the primary principles of the Rapid Application Development methodology is early prototyping of the _______ in the develo
Oliga [24]

Answer:

Software Applications

Explanation:

Rapid Application Development (RAD) also is an agile project management strategy used in the development of software. RAD is also referred to as Rapid Application Building (RAB).

Its greatest advantage is that it reduces the time taken to churn out a program and this is why a lot of developers are now adopting it.

This is made possible by reducing the amount of time and effort spent on planning and increasing the amount of energy spent on creating prototypes.

Other merits of this methodology are:

  1. It reduces the risk associated with the project by ensuring that the program is first used as a prototype rather than the real deal.
  2. It ensures better quality. When users interact with the prototypes, they are able to provide very useful feedback that goes back into development to enhance the quality of the project.

Cheers!

3 0
3 years ago
Why is the len ( ) function useful when using a loop to iterate through a stack?
Marizza181 [45]

The len ( ) function will run with each iteration, printing the element number each time.

6 0
3 years ago
How can random numbers in a range be generated in Java?.
Ksju [112]

Answer:

Java oh Na Na my  

Explanation:

5 0
2 years ago
Does anyone know what anotmy means​
deff fn [24]

Answer:

also its spelled anatomy

Explanation:

The branch of science concerned with the bodily structure of humans, animals, and other living organisms, especially as revealed by dissection and the separation of parts.

Hope this helped :3

3 0
2 years ago
Read 2 more answers
DES is a commonly used symmetric encryption algorithm, developed in the mid-1990s by the American government in conjunction with
In-s [12.5K]

Answer:

False

Explanation:

The DES encryption standard is believed to be weakened by the American government by containing shortened key lengths and 'S-boxes' of unknown origin.

5 0
2 years ago
Other questions:
  • A statement describing both the requirements that must be met by a product or process amd the ways in which satisfaction of the
    8·2 answers
  • In DTP, a good rule of thumb is to use as many special effects as you need to make your documents look interesting.
    5·1 answer
  • print out the last even number from an array of integers, if there is no even number, then print out a sentence indicating so.
    5·1 answer
  • Sometimes news organizations have biasis because
    5·1 answer
  • Write a method printshampoolnstructions0, with int parameter numCycles, and void return type. If numCycles is less than 1, print
    8·1 answer
  • What is the best way to protect against the loss of important files
    15·1 answer
  • Hey, how is everyone????????????????????????????????
    8·2 answers
  • Having data in a column formatted differently based on value is known as
    7·1 answer
  • Which of the following statements is/are correct? a. At the network layer, entitlement can map identity and/or attributes to fun
    8·1 answer
  • Question 2 of 10
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!