If the current US unemployment rate is 7.6% and rising. The rate of inflation is .3 % and
holding
steady and the annual growth rate of GDP
is 1.1% and shrinking. According to this data,
the overall health of the economy is
a. Strong with no foreseeable concerns.
b. Weak as the inflation rate is much too high for a nation of 330 million people.
c. Mixed since the growth rate is so low, growth rates need to be closer to 8-10% like China
and India are currently experiencing
.
d. Unable to be determined since we have no information about the current value of the US
dollar.
e. In a contractionary phase of the business cycle with cyclical unemployment occurring.