Okun's Law Indicates That for

question 224

Multiple Choice

Okun's law indicates that for

• A) every 1 percent that the actual unemployment rate exceeds the natural unemployment rate, a 2 percent GDP gap is generated.
• B) every 1 percent that the actual unemployment rate exceeds the natural unemployment rate, a 5 percent GDP gap is generated.
• C) a 5 percent GDP gap, a 1 percent increase in the natural unemployment rate is generated.
• D) a 2 percent GDP gap, a 2 percent increase in the actual unemployment rate is generated.

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Definitions:

Missense Mutation

A type of base-pair substitution mutation that causes one amino acid to be substituted for another in the resulting protein product. Compare with nonsense mutation.

Amino Acid

Organic compounds that serve as the building blocks of proteins, essential for various metabolic processes.

Protein

Large biomolecules composed of one or more long chains of amino acid residues, crucial for the structure, function, and regulation of the body's tissues and organs.

One Gene - One Enzyme Hypothesis

A concept that proposes that each gene encodes a single enzyme, which facilitates a specific biochemical reaction.