Economic indicators help us understand where the economy might be going. Here are some important indicators to pay attention to:
Gross Domestic Product (GDP): When GDP goes up, it usually means the economy is growing. But if GDP goes down, it could mean we are in a recession.
Consumer Price Index (CPI): If the CPI goes up, it means prices are rising. This can lead to inflation, which means our money doesn’t buy as much as it used to.
Unemployment Rate: A high unemployment rate can show that the economy is not doing well. On the other hand, a low unemployment rate usually means the economy is healthy.
By looking at these indicators together, we can guess what might happen to the economy in the future.
For example, if GDP is going up, CPI is steady, and unemployment is low, it looks like we’re headed toward a strong economy!
Economic indicators help us understand where the economy might be going. Here are some important indicators to pay attention to:
Gross Domestic Product (GDP): When GDP goes up, it usually means the economy is growing. But if GDP goes down, it could mean we are in a recession.
Consumer Price Index (CPI): If the CPI goes up, it means prices are rising. This can lead to inflation, which means our money doesn’t buy as much as it used to.
Unemployment Rate: A high unemployment rate can show that the economy is not doing well. On the other hand, a low unemployment rate usually means the economy is healthy.
By looking at these indicators together, we can guess what might happen to the economy in the future.
For example, if GDP is going up, CPI is steady, and unemployment is low, it looks like we’re headed toward a strong economy!