ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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GDP (Gross Domestic Product)
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Unemployment
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Equilibrium Price
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Retail Sales
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Detailed explanation-1: -Decreased women participation in job market is not an indicator of economic development.
Detailed explanation-2: -There are three types of economic indicators: leading indicators, lagging indicators, and coincident indicators.
Detailed explanation-3: -The types of economic equilibrium include microeconomic and macroeconomic. In microeconomics, supply and demand between buyers and sellers are balanced. With macroeconomics, an economy achieves a balance of aggregate demand and supply. Competitive prices are an integral part of the theory.
Detailed explanation-4: -Interest Rates. Interest rates are the most significant indicators for banks and other lenders. Gross Domestic Product (GDP) Government Regulation and Fiscal Policy. Existing Home Sales.