Question

Which indicators do economists use to determine the state of the economy? Check all that apply.

Answer 1

Which indicators do economists use to determine the state of the economy? Check all that apply.

prices

immigration levels

agricultural output

employment levels

gross domestic product (GDP)

Answer 2

• prices
• employment levels
• gross domestic product (GDP)

Explanation: The most classic and traditional way of measuring a country's economic growth is to measure the growth of its Gross Domestic Product (GDP); When making international comparisons or the most effective method is the Purchasing Power Parity method.