Question

Which are indicators that economists use to measure how an economy grows? Select all that apply. monitoring election results measuring how much the economy produces monitoring the popularity of different music groups studying the economy of another country tracking the unemployment rate

Answer 1

its 2 4 and 5 on edgenunity

Answer 2

Hi there!

Some of the indicators of the indicators to measure an economic growth of a country are the following options: Measuring how much the economy produces, studying the economy of another country, and tracking the unemployment rate.

Argument:

Economists and stadisticians use different methods to track economic growth.  These need to be the most precise ones, to keep the metrics and its statistics right on track. For the first option selected "Measuring how much the economy produces" is what they consider as production and spending, the relationship among these two actions in marketing is quite a debate in economics. When they measure how much is the production within a specific country sector (like industry, agriculture or services), they know exactly what is the one that is giving more earnings to the country. Consequently, they will know the total spending produced by that product's output in the market.

The second option "Studying the economy of another country"  is just an option inside the economic growth measurements, because the fact of looking to another country's economy does not assure that your country's economy will arise, but it will help you to develop ideas and strategies to raise it up.

And finally, the third option "Tracking the unemployment rate", is one of the most inexplicable measurements within the economic growth, because reducing this rate does not always equal positive economic growth. But it most be considered inside the options to measure in because sometimes the productivity and wealth of a country's citizens is arguably the ultimate determiner of economic success.