directions: read the example and determine if it indicates the economy is healthy or sick. (6 pts.) symptom…

directions: read the example and determine if it indicates the economy is healthy or sick. (6 pts.) symptom healthy or sick (good/weak) a country produces a large number of valuable products and has a high gdp compared to other countries the unemployment rate is going low and going down as businesses in the retail sector hire more workers to meet rising demand the country’s unemployment rate is going up as people in the manufacturing sector get laid off. the prices people pay for goods and services rise over time as wages increase.

directions: read the example and determine if it indicates the economy is healthy or sick. (6 pts.) symptom healthy or sick (good/weak) a country produces a large number of valuable products and has a high gdp compared to other countries the unemployment rate is going low and going down as businesses in the retail sector hire more workers to meet rising demand the country’s unemployment rate is going up as people in the manufacturing sector get laid off. the prices people pay for goods and services rise over time as wages increase.

Answer

Brief Explanations:

  1. High GDP indicates strong production and economic output, a sign of a healthy economy.
  2. Declining unemployment as businesses hire more shows economic growth and demand, a positive sign.
  3. Rising unemployment due to lay - offs in manufacturing is a sign of economic weakness.
  4. Rising prices as wages increase can be a sign of inflation, which can be a mixed signal but often indicates economic imbalances and can be a sign of an over - heating or sick economy in some cases.

Answer:

  1. Healthy
  2. Healthy
  3. Sick
  4. Sick