If for every 1 percentage point that the actual unemployment rate exceeds the natural rate, a 2 percentage point negative gdp gap occurs. this is a statement of: Okun's law.
What is Okun's law?
Okun's law tend to states the relationship that occur between unemployment rate of a country and their gross domestic product( GDP) as it states that this two work together or hand in hand.
Okun's law observes that when the unemployment rate of a country or nation increase by 1% this tend to lead to the gross domestic product as decrease by 2%.
Therefore this is an example of Okun's law.
Learn more about Okun's law here:https://brainly.com/question/29439689
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