An economist looking at economic indicators for both the united states as well as several European countries they can compare the performance by both nations.
Economic indicators consist of measures of macroeconomic performance gross home product, consumption, funding, and international alternate and stability crucial authorities budgets, costs, the cash supply, and the balance of payments.
There are three forms of economic indicators: main, lagging and coincident. main indicators point to future adjustments inside the financial system. they're extremely useful for quick-time period predictions of monetary trends due to the fact they typically trade before the economy changes.
Time the fitness of the economic system should in large part be gauged by looking at 3 indicators of monetary well-being: the inflation rate, the unemployment price, and the growth rate of the gross domestic product.
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