The U. S. economic system relies on

A. The private sector to measure its economic well being.

B. Industries that produce capital equipment to determine how well things are going.

C. Frictional unemployment statistics as the sole measure of economic health.

D. Key economic indicators such as GDP, to measure economic progress.

Question

Business

Jayce

12 July, 04:10

The U. S. economic system relies on

A. The private sector to measure its economic well being.

B. Industries that produce capital equipment to determine how well things are going.

C. Frictional unemployment statistics as the sole measure of economic health.

D. Key economic indicators such as GDP, to measure economic progress.

+2

Answers (1)

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Louis Sheppard · Answer 1

The correct answer to the following question is option D) Key economic indicators such as GDP, to measure the economic progress.

Explanation:

U. S. A economy can be said to be world's highly developed mixed economy, which is the largest economy in the world when seen by nominal GDP (gross domestic product) and second when seen through the purchasing power parity. The U. S economy can be measured by GDP, which represents all the goods that are produced in the economy in a given period. If in some situation the GDP rate turns negative, it would mean that the economy has enter in to a period of recession.