According to Okun's Law,if unemployment rises by 5 percent while imports and exports increase at roughly the same rate,the economy will lose output equal to

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Okun's Law suggests that for every 1% increase in the unemployment rate, a country's GDP will be roughly an additional 2% lower than its potential GDP. Therefore, a 5% rise in unemployment would lead to a 10% loss in output.

According to Okun's Law,if Unemployment Rises by 5 Percent While