Question

In Okun’s Law is the relationship between which of the

Q: Answer-In Okun’s Law is the relationship between which of the following two economic concepts?

It states that for every 1 fall in unemployment in an economy, the Gross Domestic Product GDP will rise by 2 and Gross National Product GNP will rise by 3. Please note that in the class I have just mentioned the GDP, but when I studied it in detail then there are two concepts associated here, GDP and GNP. When we consider GDP then its 2 and when we consider GNP then its 3, I will tell this thing in the class also.

following two economic concepts?

A GDP and Inflation

B GDP and Interest Rates

C Inflation and Interest Rates

D GDP and Unemployment

E Inflation and Unemployment

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In Okun’s Law is the relationship between which of the

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