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
When data can flow across a cable in both directions, this is known as___Communicating?
Ede4ka [16]

Answer:

full duplex communication.

Explanation:

In a duplex type of topology or communication, data or information can be transferred in both directions.

There are two different types of these communications

3 0
3 years ago
You are given a class named Clock that has three instance variables: One of type int called hours, another of type boolean calle
Ivahew [28]

Answer:

Clock (int hours, boolean isTicking, int diff) // constructor clock

{

this.hours = hours;

// set the instance variable hours

this.isTicking = isTicking;

// set the boolean variable isTicking

this.diff =diff;

//set the instance variable diff

}

Explanation:

Here we declared a constructor clock which has 3 parameter hours,boolean isTicking,and diff.

The int hours, diff is of int type and isTicking is of boolean type. In this constructor, we set the instance variables values by using this keyword.

5 0
3 years ago
You open a folder by double-clicking on it with your mouse. True False
allsm [11]
Depends if it's not working the first time then u click it twice but normally you click it once
5 0
3 years ago
Read 2 more answers
What do we call the two parts of lift that goes down a mine
Blababa [14]
The sheave wheel is a pulley wheel that sits above the mine shaft. The hoist cable passes over the sheave wheel and then down the shaft of the mine.
(copied from google)
4 0
3 years ago
Read 2 more answers
How to learn python ?
laila [671]

Answer:

https://www.python.org/about/gettingstarted/

Explanation:

its a site i used

7 0
3 years ago
Other questions:
  • Write a telephone lookup program. Read a data set of 1,000 names and telephone numbers from a file that contains the numbers in
    5·1 answer
  • Ideally, how often should you back up the data on your computer? once an hour once a day once a month once a year
    14·2 answers
  • Which operating system is a version of Linux?​
    13·1 answer
  • Who is hurt by piracy
    10·1 answer
  • What type of software testing is generally used in Software Maintenance?
    11·1 answer
  • What department is cyber security
    6·2 answers
  • What should be entered to make the loop print
    6·1 answer
  • What are storage devices ​
    5·2 answers
  • Role of User Defined Iprms for creation of paten
    8·1 answer
  • Define two benefits to members of the community of replacing the printed copy with an online version.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!