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Identify what happens to unemployment Year Real GDP in Billions GDP Growth Rate Unemployment Rate 1 5,839 -.2 5,987 2.5 5,870 -2 4 6.136 4.3

Identify what happens to unemployment Year Real GDP in Billions GDP Growth Rate Unemployment Rate 1 5,839 -.2 5,987 2.5 5,870 -2 4 6.136 4.3

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Identify what happens to unemployment
**Identify what happens to unemployment** The table below presents data on Real GDP in billions, GDP Growth Rate, and an empty column for Unemployment Rate across four years. The task is to determine the effect on unemployment, whether it is increasing or decreasing. | Year | Real GDP in Billions | GDP Growth Rate | Unemployment Rate | |------|----------------------|-----------------|-------------------| | 1 | 5,839 | -0.2 | [ ] | | 2 | 5,987 | 2.5 | [ ] | | 3 | 5,870 | -2 | [ ] | | 4 | 6,136 | 4.3 | [ ] | **Buttons:** - Increasing - Decreasing ### Instructions Analyze the GDP Growth Rate and determine the likely trend in the Unemployment Rate for each year. Use the provided buttons to indicate if the unemployment is "Increasing" or "Decreasing."
Transcribed Image Text:**Identify what happens to unemployment** The table below presents data on Real GDP in billions, GDP Growth Rate, and an empty column for Unemployment Rate across four years. The task is to determine the effect on unemployment, whether it is increasing or decreasing. | Year | Real GDP in Billions | GDP Growth Rate | Unemployment Rate | |------|----------------------|-----------------|-------------------| | 1 | 5,839 | -0.2 | [ ] | | 2 | 5,987 | 2.5 | [ ] | | 3 | 5,870 | -2 | [ ] | | 4 | 6,136 | 4.3 | [ ] | **Buttons:** - Increasing - Decreasing ### Instructions Analyze the GDP Growth Rate and determine the likely trend in the Unemployment Rate for each year. Use the provided buttons to indicate if the unemployment is "Increasing" or "Decreasing."
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In an economy, real GDP growth is used to measure the changes in various economic variables such as inflation, unemployment, actual output, and so on.

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