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  • Okun's Rule of Thumb

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    Vishal Vij
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    Okun’s Rule of Thumb

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    Okun’s Rule of Thumb

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    Okun’s Rule of Thumb

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    8 views1 page

    Okun's Rule of Thumb

    Uploaded by

    Vishal Vij
    Okun’s Rule of Thumb

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Okuns Rule of Thumb

    Okun's law has been the relationship within the economy's unemployment rate along with

    their gross national product (GNP).

    Percentage by that gross national product changes while unemployment changes by one

    percent has been termed the Okun coefficient.

    Okun's law describes that 1 point increment in cyclical unemployment rate has been

    related to 2% points of the negative growth in real gross domestic product. Relationship diffesr

    based on nation along with time period in consideration.

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