Question
Analyze the GDP information below. Which is the best answer for a analysis of economic conditions? GDP: +1.3 Consumption: +0.1% Investment: +3.0% Government Expenditures: +0.5%
Analyze the GDP information below. Which is the best answer for a analysis of economic conditions?
GDP: +1.3
Consumption: +0.1%
Investment: +3.0%
Government Expenditures: +0.5%
Net Exports = Unchanged
a. The economy is doing well at 1.3% growth.
b. While GDP growth is slow, the future is bright because firms are investing in new plant and equipment
c. Consumer spending is down but consumer investing is up. I expect the stock market to be reaching new highs.
d. GDP is growing but with flat consumption, increased investment is likely due to inventory increases. This is a bad sign for the economy now and perhaps next quarter.
Refer to the information here to answer questions 8, and 9. Suppose the labor force in Goofia is 24,839,088 and the unemployment rate is 6%.
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