Statements (21)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
commercial law
|
| gptkbp:appliesTo |
macroeconomics
|
| gptkbp:countryOfOperation |
Okun coefficient varies by country and time period
|
| gptkbp:describes |
relationship between unemployment and GDP
|
| gptkbp:empiricalRelationship |
unemployment rate and real GDP growth
|
| gptkbp:form |
gptkb:Okun_coefficient
difference version gap version |
| gptkbp:formedBy |
gptkb:Arthur_Okun
|
| https://www.w3.org/2000/01/rdf-schema#label |
Okun's law
|
| gptkbp:namedAfter |
gptkb:Arthur_Okun
|
| gptkbp:relatedTo |
gptkb:business
gptkb:Phillips_curve output gap |
| gptkbp:state |
for every 1% increase in unemployment, a country's GDP will be roughly an additional 2% lower than its potential GDP
|
| gptkbp:usedIn |
economic forecasting
|
| gptkbp:yearProposed |
1962
|
| gptkbp:bfsParent |
gptkb:Macroeconomic_Theory
gptkb:Macroeconomics gptkb:Arthur_Okun |
| gptkbp:bfsLayer |
6
|