Law - Legal Issues

Law - Legal Issues

Inflation

(1)

As per the given situation mentioned above, when unemployment rate is 10% and nationally at 8.4%, it is termed as a double dip recession situation and in economy it means that worst conditions are there. Under this critical situation, economy can never face boom and will eventually decrease as well. Whereas, GDP also termed as gross domestic product will also be affected in this way. Whenever the unemployment rate is high, economy will show a decline rate and GDP will also decrease as well. This is thus termed as a worst condition for an ...