Hi,

I need help with a reply/ comment to each post. total 2 posts, each post has each reply/comment.

Thank you for your help!!!

FIRST POST:

Top 10 Economic Indicators. Having data is important because it reveals a true picture of an economy's condition. It allows us to understand how an economy stands and whether or not it is governed properly. But looking at only one indicator does not give us the full picture. Instead, we have to look at multiple data sets since there are a variety of indicators that can tell us different things on specific topics. For example, we can study the stock market to determine the future expected profits of businesses or we can look at the rate of inflation to tell us what is currently going on with prices. This can be a huge benefit for us since it'll help us determine whether or not we should invest our money into something

SECOND POST

Okun's rule of thumb describes a quantifiable relationship between unemployment and losses in a country's output. Okun's Law was actually the original name for it, but economists later characterized it as Okun's rule of thumb because it is based on empirical observation of data, rather than a conclusion derived from a theoretical prediction, therefore Okun's rule of thumb's logic is very straightforward and simple. It essentially predicts how much unemployment will decline as output grows by a certain amount or how much the unemployment rate will rise as output declines by a certain amount. This makes Okun's rule of thumb a useful forecasting tool. However, interestingly enough I found out that despite its name, Okun's rule of thumb is not so much of a "rule of thumb" in a variety of settings and across different time periods because the relationship between the unemployment rate and output isn't always stable for Okun's rule of thumb to be applicable.