Answer to Question #116470 in Macroeconomics for yazan

Question

Given that we look for a balanced unemployment rate of 6%, we think a GDP growth rate of 3% is great and aim for 1-3% inflation, explain which country do you believe had the best economic outlook before COVID-19?

Answer 1

All the above economic indicators indicate the stable development of the country.

According to statistics on these indicators in 2019, the United States, Russia, the UK and other countries can be attributed.This is of course averaged data.

You can recall Mark Twain's statement about statistics:"The numbers are deceiving, especially when I do them myself; on this occasion, the statement attributed to Disraeli is true: "There are three types of lies: lies, blatant lies and statistics."