Question

5. Imagine that you are considering moving to a new country and looking for a job there, but you first want to make sure the country has a strong economy. Describe at least three economic factors that you would want to research as evidence of the economy's strength or weakness, and explain how each factor would affect your decision to move there

Answer 1

Interest rates - They determine the availability of credit in the economy. An economy pushing for higher growths should have low interests for it to expand.
Recession - This is a slowdown in the growth of national output of any particular country. A strong economy should not be in recession.

Inflation - This is the rise in the general price level in the country. A strong economy should have a standard rate of inflation. It should not have hyperinflation or too low levels of inflation.