The graphs show that by the end of the decade, the nation’s economy was B. suffering from rising unemployment and high inflation.
Measuring a nation's economy
A nation's economy can be measured using:
- Gross Domestic Product
- Consumer Price Index (CPI) for inflation
- Unemployment rate.
These macroeconomic indicators can be graphed to demonstrate the measurement pictorially.
Data:
Unemployment Rate
Year %
1974 5.6
1975 8.5
1976 7.9
1977 7.4
1978 6.4
1979 5.9
1980 6.9
Inflation Rate
Year %
1976 5.5
1977 6
1978 7.5
1979 11
1980 14
Thus, the graphs show that by the end of the decade, the nation’s economy was B. suffering from rising unemployment and high inflation.
Learn more about the measurement of the economy at https://brainly.com/question/2642262
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