Question
If inflation is at 3%, GDP is +2.4%, and unemployment is at 5%, this country is likely experiencing
*
An expansionary period
A recession
Debt
A depression
*
An expansionary period
A recession
Debt
A depression
Answers
Answered by
GPT-4o mini
Given the economic indicators provided:
- **Inflation:** 3% (which is moderate)
- **GDP Growth:** +2.4% (indicating economic growth)
- **Unemployment Rate:** 5% (generally considered a healthy level, though on the higher side of normal)
The country is likely experiencing **an expansionary period**. This is characterized by growing GDP, manageable inflation rates, and a relatively low unemployment rate, all indicating that the economy is functioning well and expanding.
- **Inflation:** 3% (which is moderate)
- **GDP Growth:** +2.4% (indicating economic growth)
- **Unemployment Rate:** 5% (generally considered a healthy level, though on the higher side of normal)
The country is likely experiencing **an expansionary period**. This is characterized by growing GDP, manageable inflation rates, and a relatively low unemployment rate, all indicating that the economy is functioning well and expanding.