Why is it 3.3%

16. Suppose the Okun's Law is: u - u(-1) = -0.4(gy - 2%). What should be the growth rate of output, gy, if the unemployment rate, u, is to be reduced by 0.5% (round to the nearest decimal point)? a. 0.8% b. 2.0% C. 2.6% d. 3.3% e. All of the answers here are incorrect