Question A14 The following graph shows the relationship between real GDP growth and change in unemployment for the US be
Posted: Thu May 19, 2022 7:26 am
Question A14 The following graph shows the relationship between real GDP growth and change in unemployment for the US between 1961 and 2019. US (1961-2019) -710037 -0.06 Change in unemployment rate (percentage points) () 0 9 -1 0 Real GDP growth
1 of 2 -10 Real GDP growth The equation shown in the regression result for the best-fitting line. Based on this information, which of the following statements is correct? is A The unemployment rate remains stable when there is zeroron GOP growih B Okun'n coefficient for the US is 1,0827 ะก Okun'n coficient for the US in 0.506 D From the regression result, policy makers can be sure that a 19 increase in real GDP next year will definitely lead to a fall in the unemployment rate of 0.37 percentage points E With real GDP failing by 2.8% in 2009, the predicted rise in the unemployment rate would have been 2.11 percentage points
1 of 2 -10 Real GDP growth The equation shown in the regression result for the best-fitting line. Based on this information, which of the following statements is correct? is A The unemployment rate remains stable when there is zeroron GOP growih B Okun'n coefficient for the US is 1,0827 ะก Okun'n coficient for the US in 0.506 D From the regression result, policy makers can be sure that a 19 increase in real GDP next year will definitely lead to a fall in the unemployment rate of 0.37 percentage points E With real GDP failing by 2.8% in 2009, the predicted rise in the unemployment rate would have been 2.11 percentage points