The index of leading indicators was developed to provide more reliable information on
a. the expected future direction of the economy.
b. the future profitability of the leading companies in various industries.
c. where the economy has been in the recent past.
d. the extent to which the economy's existing plant and equipment capacity is being used.
A
You might also like to view...
Bonnie is debating whether to take a job as a professional therapist or a florist. She will earn $40,000 a year as a therapist or $30,000 a year as a florist. If she chooses to be a therapist, the opportunity cost is
A) $40,000. B) $30,000. C) $10,000. D) unable to determine.
About 1 out of every _____ black Americans is poor.
A. 12 B. 7 C. 4 D. 2
Economic discrimination occurs when equivalent factors of production receive different payments for equal contributions to output.
Answer the following statement true (T) or false (F)
In periods when prices are falling, on average
A) real GDP will grow slower than nominal GDP. B) real GDP will grow faster than nominal GDP. C) real GDP will grow as fast as nominal GDP. D) one cannot calculate real GDP.