Which of the following is a sign of a weak economy? (select the best answer.) an increasing gdp a high unemployment rate an increase in spending power prices that remain stable

Question

Social Studies

Dangelo Barajas

1 April, 21:16

Which of the following is a sign of a weak economy? (select the best answer.) an increasing gdp a high unemployment rate an increase in spending power prices that remain stable

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Isla Osborn · Answer 1

I think the correct answer from the choices listed above is the second option. A sign of a weak economy is a high unemployment rate. When a person loses a job, he is no longer able to pay his debts or taxes, and he spends less. All of these things can be devastating to the economy.