What macroeconomic indicators signal that the economy is either weak or strong?

Macroeconomics involves the study of how the limited resources are utilized by a whole economy in production of goods and services for consumption. Economies can be those of state or even the world. The overall decisions concerning the economic factors affecting the whole economy are made. The following are the indicators that signal whether an economy is strong or weak:

1. Level of employment-high rates of employment indicates that an economy is strong while low rates of employment indicates that an economy is weak.

2. Rate of economic growth-this is measured using GDP, Gross National Product, state of well-being of people and the number of people with well-paying jobs. An increase in these measures indicates that an economy is strong while a decrease indicates a weak economy.

3. Inflation-This refers to an increase in the prices of goods. Inflation indicates a strong economy when it increases the demand for goods and consumption by consumers and as a result boost economic growth.