Question

This table shows U.S. economic indicators for a five-year period. All variables are measured in percent....

This table shows U.S. economic indicators for a five-year period. All variables are measured in percent.

U.S. Economic Indicators for a Five Year Period

GDP Growth

Inflation

Unemployment

2.5

2.1

5.6

3.7

1.9

5.4

4.5

1.8

4.9

4.4

1.1

4.5

4.8

1.5

4.2

How would you characterize the state of the economy over this time period and especially in the final year shown? What do you expect will happen in subsequent years? Please explain your reasoning in detail.

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