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
Vilka [71]
3 years ago
15

What is an economic indicator and why is it important? Use at least two complete sentences to provide your response.

Business
1 answer:
kvv77 [185]3 years ago
5 0

Answer:

Answer is provided in two separate headings below.

Explanation:

<u>Economic Indicator</u>

They are briefly described as the figures used to understand the current position of the economy. Few examples of such are the Inflation rate, Gross Domestic Product (GDP), and Unemployment ratio compared to the populace.

<u>Reason for Important</u>

They are important because the information provided from them helps in grasping the state of the economy in the upcoming years. This data helps both the local and business individuals to make better decisions for their upcoming financial goals such as regarding the investment of capital, increase or decrease their employment level, buying property, etc.

You might be interested in
A small construction company has $110,000 set aside in a capital improvement fund to purchase new equipment. If $18,000 is inves
romanna [79]

Answer:

21.26%

Explanation:

Overall rate of return = Total amount of dollar returns / Total investment

Overall rate of return =  [($18,000 * 26%) + ($22,000 * 15%) + ($70,000 * 22%)] / $110,000

Overall rate of return = ($4680 + $3300 + $15400) / $110,000

Overall rate of return = $23,380 / $110,000

Overall rate of return = 0.21255

Overall rate of return = 21.26%

8 0
3 years ago
Once a business has sold a service, it no longer needs to be concerned with customer satisfaction. True False
kobusy [5.1K]

Answer:

False

Explanation:

' Once a business has sold a service, it no longer needs to be concerned with customer satisfaction' is a False statement.

Customers are the pillars on which every business stands & their satisfaction should be a supreme priority for a business.

There is need of 'After Sale Services' after selling a service. This is important to ensure customer's expectations from the product are met, & they are satisfied with the business' services.

After sale services make customers feel valued. This generates customer retention, customers' loyalty towards business. Such customers are also likely to do word marketing & build a business' reputation in front of other customers.

4 0
3 years ago
Résumés should include the following:
chubhunter [2.5K]

Answer:

true

Explanation:

8 0
3 years ago
Read 2 more answers
In reference to the standard medicare supplement benefits plans what does the term standard mean
Delicious77 [7]

All providers will have the same coverage options and conditions for each plan

4 0
3 years ago
What are colonias? mexican factories that have high death rates due to poor working conditions. rural, unincorporated slums on t
garri49 [273]
Unincorporated slums on the texas side of the border that have substandard housing
6 0
3 years ago
Other questions:
  • Stockbridge Sprockets Inc. earned $2.25 per share last quarter, and $2.50 in the last quarter of 2019. Because of declining dema
    13·1 answer
  • How is a change in the quantity demanded illustrated on the demand curve?
    11·1 answer
  • Consider a bundle of 325 brownies and 300 cookies. How do we label this production bundle?
    15·1 answer
  • You have a good friend from india who has done very well as after college. his work in telecommunications has landed him a job t
    7·1 answer
  • Ways in which climate change can affect the economy of South Africa​
    11·1 answer
  • The following payroll journal entries for Oct. 15 were made by your predecessor. For FICA tax, assume that the social security r
    6·1 answer
  • Please help its due in 2 hours time will give all my points
    6·1 answer
  • If at the end of a period, a company has $400 in cash, $100 in accounts
    15·1 answer
  • The following data are taken from the financial statements of Bar Harbor Company:
    5·1 answer
  • Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!