maiyanz
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#1
Hi
Given equation

y=-0.0511x+0.3176
R squared=0.4701

so intercept of the best fitting line: 0.318 (3 decimal places)
Okun's coefficient is -0.051 (3 decimal places)
if GDP falls by 1.8 percent, predicted rise in unemployment be 0.41, and this answer showing correct

But how calculate
7 percent increase in output growth rate, will decrease the unemployment rate by ....???? My answer of 0.039 incorrect...

Please help, when is fall in GDP my answers are correct, by when is rise, I am incorrect

Maiya


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