According to Okun's law, if the unemployment rate goes from 5% to 3%, what will be the effect on the GDP? A. It will increase by 7%.
B. It will decrease by 7%.
C. It will decrease by 1%.
D. It will increase by 1%.

D. It will increase by 1%.

Step-by-step explanation:

Given

--- initial rate

--- final rate

Required

The effect on the GDP

To calculate this, we make use of:

This gives:

This implies that the GDP will increase by 1%

Jose had the following division problem for homework. What is the quotient? $182 divided by 3.25?

a)$0.56

b)$5.60

c)$56.00

d)$560.00

The quotient is $56.00 .

Step-by-step explanation:

Quotient:

A quotient is an number when we divide one number by another number.

In other words , the result obtained by dividing the divisor by dividend is called quotient.

Dividend:

The amount or number to be divided is called the dividend.  

Dividend is the whole that is to be divided into parts

Divisor:

A divisor is a number that divides another number either completely or with a remainder.

Here 182 is the dividend and 3.25 is the divisor.We need to find the quotient.

Quotient =

Quotient =  56.00