Briefly (one-two sentences) describe each of the three leading economic indicators: GNP, inflation rate, and unemployment rate. Include a description of the impact of each indicator on the nation's economic health.

Respuesta :

The answer about GNP, Unemployment Rate and Inflation Rate is explained below.

Explanation:

  • GNP, Gross National Product: Gross National product is the measure of the value of all goods and services produced in a country by its nationals in a period of one year. Impact on nation's economic health: Higher the GNP, better will be the economic health.
  • Inflation Rate: Inflation rate indicates the rate of inflation in a country. Inflation is the rise in the prices of goods and services of a country in a given period of time, or the devaluation of the country's currency. Impact on nations's economic heath: Lower the inflation rate, better will be the economic health.
  • Unemployment Rate: It is the indicator which tells the rate of unemployment in a country. It indicates how many people in a country are unemployed over a given period of time. Impact on nations's economic health: Lower the unemployment rate, better will be the economic health.

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