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

Equilibrium Price

B) Consumer Price Index

C) Job Satisfaction Rate

D) Presidential Approval Rate

Question

Raphael Foster

Social Studies

6 December, 12:39

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

Equilibrium Price

B) Consumer Price Index

C) Job Satisfaction Rate

D) Presidential Approval Rate

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Answers (1)

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Young · Answer 1

An economic indicator is a type of statistic data about the economic activity of a country, it enables analysis about the current situation and performance of the economy. Moreover, it also allows predictions of future performance. One economic indicator used to tell how an economy is doing is the CPI, Consumer Price Index, it takes a sample of many goods and services over two hundred unit category. The information is gathered through phone calls and personal visits.

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

Equilibrium Price

B) Consumer Price Index

C) Job Satisfaction Rate

D) Presidential Approval Rate