Question
A nation’s GDP can be used in many ways. Governments often consider GDP when deciding on new economic policies. When looked at it over time, GDP can show if an economy is experiencing growth (rising GDP) or contraction (falling GDP). An economic recession, indicated by a continuous fall in GDP, might be a sign that a country is in financial trouble. In contrast, a rising GDP over multiple quarters or years is a good thing for the government and country as a whole. Economic growth typically means low unemployment and higher wages, so everyday citizens are affected by rising or falling GDP, too.
A nation with a rising GDP most likely
A
has citizens earning low wages.
B
has a lower unemployment rate.
C
is entering a period of recession.
D
is in serious financial trouble.
A nation with a rising GDP most likely
A
has citizens earning low wages.
B
has a lower unemployment rate.
C
is entering a period of recession.
D
is in serious financial trouble.
Answers
Answered by
GPT-4o mini
B has a lower unemployment rate.