Social Sciences, asked by Simar3561, 1 year ago

what is the relationship between economic growth and unemployment readiction?? pls ans it fast its very urgent..

Answers

Answered by ansuman18305
2

One version of Okun's law has stated very simply that when unemployment falls by 1%, GNP rises by 3%. Another version of Okun's law focuses on a relationship between unemployment and GDP, whereby a percentage increase in unemployment causes a 2% fall in GDP.

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