In the news,the claim is that the Australian economy is experiencing an expansionary output gap of 4 percent.If the Okun's law coefficient is B=2 and the natural rate of unemployment is 4 percent, what is the unemployment rate? ○6% ◎2% ○-2% ○-1% ○1%

Suppose based on the past twenty years of data the estimating equation for Okun’s Law is ut – ut-1 = –0.4 (gt – g*), where g*, the normal (or benchmark) growth rate of output, is equal to 3%. If the current rate of unemployment is 9% what is the minimum growth rate of output needed over five years to reduce the unemployment rate to 5%?

Calculate Australia’s unemployment rate in 2021

The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses below rounded to one decimal place.a. The size of its recessionary gap is $ .b. The size of this gap as a percentage of its actual GDP is %.c. If the natural rate of unemployment is 6%, use Okun’s law to calculate the amount of actual unemployment in Altrua.    The actual rate of unemployment is %.

The equation for the Okun's curve below is: y=-0.2489x+0.6414. R^2=0.3469. If the growth rate of GDP in NZ was 1.5 percent in 2020, the change in the unemployment rate will be __.

If the Australian labour force is growing at 3.5% every year. The labour productivity is increasing ay 1% every year. What is the benchmark growth rate of output that will keep the unemployment rate constant?Group of answer choices4.5%2.5%1%3.5%