1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
expeople1 [14]
3 years ago
7

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

History
2 answers:
Galina-37 [17]3 years ago
6 0
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.
Sergeeva-Olga [200]3 years ago
3 0

<u>Consumer Price Index is an economic indicator used to tell how an economy is doing. </u>

Further Explanation:

Economic Indicator is the indicator that tells us about how an economy is doing. It tells us about the economy is at which phase (like depression, recession, peak, and expansion). With the help of economic indicators, the government knows about the phase in which the country is going to be.

Justification for the correct and incorrect answer:

A.  

Equilibrium Price: This option is incorrect.  

It is the price determined by the supply and demand of a good. The interaction at which demand and supply of a particularly good meet, that point is known as equilibrium price. As it only determines the price of the good, it is not the correct measure of the economic indicator.  

B.

Consumer Price Index: This option is correct.  

It shows how the price changes in a particular period. It is helpful in the prediction of the future trends of a particular good. It is the correct indicator of measuring the economy.

 

C.

Job Satisfaction Rate: This option is incorrect.  

This rate shows how people feel satisfied, self-motivated, and happy with their jobs. It doesn’t have any numerical value. It is related to the economy, but it cannot be quantified. Therefore, it is not the correct measure of the economic indicator.    

D.

Presidential Approval Rate: This option is incorrect.  

It is the rate of polling the opinion for a particular program or in favor of a person. The economy is not defined by the polling method because it is uncertain and follows uncertain trend. So, it is not a correct measure of the economic indicator.    

Learn more:

1. Learn more about the demand equilibrium  

       brainly.com/question/2656746

2. Learn more about the consumer price index

       brainly.com/question/2656746

3. Learn more about the equilibrium price

       brainly.com/question/4455515

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Economic Indicator

Keywords:  Economic Indicator used, an economy is doing, equilibrium price, job satisfaction rate, presidential approval rate, to tell how.

You might be interested in
Which statement about Romanticism is correct? A. Romantic authors rejected the German Sturm und Drang literary movement. B. Roma
Furkat [3]

Answer:The answer is B.

Explanation: I just took the test. Hope this helps(:

4 0
3 years ago
American urbanization during the first half of the 19th century was made possible primarily because of advances in
Shalnov [3]

Answer:

Innovation in private and public transportation alongside with the number of increased jobs, coupled with advancement in housing and construction were the major reasons for the American urbanization during the first half of the 19th century.

Explanation:

Innovation in private and public transportation alongside with the number of increased jobs, coupled with advancement in housing and construction were the major reasons for the American urbanization during the first half of the 19th century.

5 0
3 years ago
If the United States is a net importer of a product that is being subsidized or dumped by Japan, not only do U.S. consumers gain
Masja [62]

Answer:

False

Explanation:

Dumping takes place when a country is manufacturing, or selling goods in a foreign country at a price less than either The domestic price or cost of product manufacturing.In the importing country, customers take advantage of the low price levels of the item being dumped. That's going to save money. A nation subsidizes the producing enterprise so they sell less costs. In order to boost its comparable upper hand in this sector, the country is ready to lose the product. It can do this since to create work opportunities for its inhabitants. Dumping is often used as an assault on the sector of the other nation. It wishes to get the manufacturers of that nation off the ground and control this sector.

6 0
3 years ago
What allowed peru to become one of the richest and most powerful spanish colonies after the spanish invasion in 1532?
rewona [7]
The location and mineral treasures <span>allowed peru to become one of the richest and most powerful spanish colonies after the spanish invasion in 1532

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
</span>
6 0
3 years ago
What role did religion play in Abigail adams
Mariana [72]

Answer:bigail Smith Adams (1744-1818) Abigail Smith Adams wasn't just the strongest female voice in the American Revolution; she was a key political advisor to her husband and became the first First Lady to live in what would become the White House. ... Their first child Abigail Amelia (Nabby) was born the following year.

Explanation:

5 0
3 years ago
Other questions:
  • American Indians use the Cumberland Gap to a hunt and fish because the area was filled with streams and wildlife bexplore the So
    12·2 answers
  • Which civilization is often described as the mother civilization of mesoamerica
    6·2 answers
  • Why was the Crittenden Compromise rejected by Lincoln and the Republicans when its aim was to prevent Southern secession?
    13·1 answer
  • All persons bort or naturalized in the United States ...are citizens of the United
    6·1 answer
  • How did the attack on Pearl Harbor change the course of world war 2
    11·2 answers
  • How did Christopher Columbus discover America?
    7·1 answer
  • I'm in a hurry please help
    6·1 answer
  • What is the fundamental concept behind federalism?
    12·1 answer
  • How was the munich pact an act of appeasement
    11·2 answers
  • The Declaration of Sentiments and Resolutions identifies which of the following causes for the women's rights movement in the 18
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!