No plagiarism, no internet sources please.
First page should begin by reviewing the Okun’s Law model. Please write a one page summary of the model emphasizing key assumptions and implications of the model.
Second page should be an analysis describing how well you think the model performed in estimating the change in GDP and unemployment rate (Use the graph in the attached image to answer this). Look at the percentage change in real GDP for the first quarter of 2020. How confident are you with this estimate? Explain why or why you are not confident.
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