You purchase a car for $16,000. the car's value depreciates 12% for each year of ownership. after how many years of ownership is the value of the car about $14,000?

according to this law, when unemployment goes up by 1%, gdp drops by 2%. in the question, unemployment rate goes from 2% to 5%, meaning unemployment goes up by 3%, so the gdp drops by 6%. thus the effect is a drop in gdp by 6%.

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