Okuns law
Describe Okun's law? Give an illustration of how it works.
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The Okun’s Law is an empirical relation between unemployment and output/GDP. It was found by the economist named ARTHUR OKUN, who used US data and found that for every 1% rise in unemployment, GDP falls by 2%. This is the cost of unemployment.
how to calculate national income under value added method
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DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
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Does full employment take place if AD = AS or S = I?
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