What do current economic data say about the health of the economy? Assess the current health...

What do current economic data say about the health of the economy? Assess the current health of the U.S. economy by evaluating the key economic indicators. The relevant economics statistics include the growth rate of real GDP, the unemployment rate, and the inflation rate

Expert Solution

The current economic data can be used to measure the economy health

It say us about how much the country is in the state of economy

It indicates the rate of growth of employment in the country

It also indicates the key details about the inflation and development

Current health of US econiomy

Real GDP growth rate :- The real GDP has subsequently increased in the past few years and now it is at its peek..
In 2013, The GDP was 16692 USD and currently in 2016 , 18569
This clearly shows that US health in the key indicator of GDP has improved lot
Unemployment rate :- After the politocal dramas that came to fact , the US aim of reducing the outsorce and increasing tax on labour has subsquently made an impact.
The governments act on giving employment priority to american citizen has made an impact in unemployement
The unemployement has reduced widely
In 2013, it was 7.5 and now it is just 4.5
Inflation rate :- The inflation rate has been varying year by year..
There is no parrallel or any assessed improvement and it kept varying
in 2017 it was 1.5 and now 1.3

HOPE THIS HELPS

PLEASE COMMENT FOR ANY DOUBTS

THANKS

Rahul Sunny answered 2 years ago

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