f. the percentage change in going from y1 to y2 if log y1 = 1.82 and...
f. the percentage change in going from y1 to y2 if log y1 = 1.82 and loge y2 = 1.79
g. the percentage point change in the unemployment rate when the rate goes from 6% to 9%
i. the percentage change in X when X goes from 2 to 0
j. the percentage change in X when X goes from 0 to
k, where k is a number greater than zero
Homework Answers
Answer (f) 90.93467%
Explanation
Given
Log y1 = 1.82
This means that log has a base of 10
Taking Antilog of Y1 we get
Y1= 66.0693
Also,
Loge Y2 = 1.79
This means that log has base a of exponential (e)
Taking Antilog of Y2 we get
Y2 = 5.9894
Percentage from Y1 to Y2 = ((Y2- Y1)/Y1)*100
= ((5.9894 - 66.0693)/ 66.0693)*100
= -90.9347%
(g) Percentage point change is 9%-6% = 3%
- -100%
Percentage change in X when X goes from 2 to 0
= (( 0-2)/2)*100
= -100%
- Not defined
Percentage change when X goes from 0 to k is
= ((k-0)/0)*100
Above ratio can not be calculated since denominator is 0
Add Answer to:
f. the percentage change in going from y1 to y2 if log y1 = 1.82
and...
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