The data for a certain economy indicates that Okun's Law can be written as y = -0.3768x + 1.2298, where y is the change in unemployment rate and x is the GDP growth rate. 1.1 State Okun's Law. (1) 1.2 What is the predicted change in unemployment if GDP grows by 2.4 percent (show your calculations)? (1) 1.3 Summarize the relationship between unemployment and wellbeing. (1) 1.4 Explain what the y intercept (1.2298) tells us. (1) 2. The figure below shows SA's GDP growth from Feb 2010 to April 2017 10.0