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What is the expected rate of unemployment if the countrys economy grows at a rate of 5%? Calculate a confidence interval at 95% significance for
What is the expected rate of unemployment if the countrys economy grows at a rate of 5%? Calculate a confidence interval at 95% significance for this result.
Where :
Year GDP Unemployment rate
1959. 7.1 3.2 1960 2.5 5.5 1961. 2.3 6.7 1962. 6.1. 5.2 1963 4.4 4.4 1964 5.8 4.1 1965 6.4 4 1966 6.5 3.8 1967 2.5. 4.3 1968 4.8 3.6 1969 3.1 3.5 1970 2.2 5.3
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