Is the unemployment rate or GDP a better indicator of the economy? Explain.

Social Studies

1 answer:

Novosadov [1.4K]3 years ago

4 0

Answer:

probably unemployment

Explanation:

Although GDP is widely used, it, alone, does not indicate the health of an economy. The unemployment rate is an important measure of economic health. It goes up during periods of economic decline because companies are reluctant to hire workers when demand for goods and services is low

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