Which of these is an economic indicator used to tell how an economy is doing?

A) Equilibrium Price

B) Consumer Price Index

C) Job Satisfaction Rate

D) Presidential Approval Rate

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Kaylynn

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23 October, 04:12

Which of these is an economic indicator used to tell how an economy is doing?

A) Equilibrium Price

B) Consumer Price Index

C) Job Satisfaction Rate

D) Presidential Approval Rate

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Answers (1)

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Sugar · Answer 1

The correct answer is B. Consumer Price Index.

It is great for showing the development of inflation. The remaining two are most commonly the employment rate, and the famous GDP which shows the production of a country. Unlike the GDP, the CPI focuses more on consumers and less on the economy.

Which of these is an economic indicator used to tell how an economy is doing?A) Equilibrium PriceB) Consumer Price IndexC) Job Satisfaction RateD) Presidential Approval Rate

Which of these is an economic indicator used to tell how an economy is doing?

A) Equilibrium Price

B) Consumer Price Index

C) Job Satisfaction Rate

D) Presidential Approval Rate