What does Okun's Law mean?
An empirically observed relationship between unemployment and losses in a country's production.
Okun's Law describes the relationship between a country's unemployment rate and its GDP.
Okun's Law in German, French, Spanish and Italian
GermanOkunsches Gesetz
Beschreibt, wie das BIP-Wachstum mit der Arbeitslosigkeit korreliert.
FrenchLoi d'Okun
Loi reliant la croissance du PIB à la variation du chômage.
SpanishLey de Okun
Correlación entre el crecimiento del PIB y la tasa de desempleo.
ItalianLegge di Okun
Relazione empirica tra crescita economica e variazione del chômage.
Common phrases with Okun's Law
- observed relationship okun's law
- unemployment okun's law
- production okun's law