Which situation can be represented by the equation Y equals 74X

X: amount of a spare part of price $74 per unit.

Y: cost of purchasing X spare parts.

Step-by-step explanation:

We can imagine that X represents the amount of an object, for example a car spare part,  which price is $74 per unit.

Then, Y would represent the cost of purchasing X units of that spare part.

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: