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? O 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%?

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%

Calculate Australia’s unemployment rate in 2021