Which indicators do economists use to determine the state of the economy? Check all that apply. 1.) prices2.) immigration levels3.) agricultural output4.) employment levels5.) gross domestic product (GDP)

Question

Social Studies

Petersen

14 May, 22:40

Which indicators do economists use to determine the state of the economy? Check all that apply. 1.) prices2.) immigration levels3.) agricultural output4.) employment levels5.) gross domestic product (GDP)

+4

Answers (1)

Know the Answer?

Mikaela Phillips · Answer 1

Answer: Gross domestic product (GDP), employment levels.

Explanation:

Economist use the following to determine the state of the economy;

•Gross domestic product (GDP)

•Employment

•The Consumer Price Index (CPI)

•Price of crude oil.