What is the relationship between 3.0 and 0.3
1 answer:
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Answer:
The GDP gap is 9 % when there is 4.5 % unemployment.
Step-by-step explanation:
The statement shows a reverse relationship, where an increase in unemployment is following by decrease in potential GDP and can be translated into the following rate:
The GDP gap at a given increase in unemployment can be estimated by the following expression:
Where:
- GDP gap-unemployment increase rate, dimensionless.
- Increase in unemployment rate, measured in percentage.
- GDP gap, measured in percentage.
If and
, the GDP gap is:
The GDP gap is 9 % when there is 4.5 % unemployment.
Answer:
When the number of guests is 0, the cost would be $450.
Step-by-step explanation:
We have been given an equation , which models the relation between the cost in dollars, C, of the banquet and the number of guests, g.
We can see that our given equation in slope-intercept form of equation , where, m represents slope of line and b represents y-intercept or initial value.
We can see that slope for our given equation is 28 and the C-intercept is 450.
The C-intercept tells us that when there are 0 guests in the banquet, the cost would be $450.