Solve by the substitution method x-7y=-47, -6x-8y=-18

x is -5 ; y is 6

x=-47+7y

-6x-8y=-18

-6(-47+7y)-8y=18

y=6

x=-47+7*6

x=-5

x intercept = (-1,0)   (4,0)

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%.

step-by-step explanation: