What are indicators that economists use to measure how an economy grows? Select all that apply.
Answer;
Explanation;
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance.
Economic indicators are key statistics that indicate the direction of an economy. While the indicators can be numerous, there are three broad categories of economic indicators: leading indicators, coincident indicators and lagging indicators.
The indicators that economists use to measure how economy grow is comparing the economy of a country to other countries economy especially countries that are doing well.
Indicators act as pointers, they are used to identify either a problem or progress.
They can help to know or measure progress in company or country.
Therefore, The indicators that economists use to measure how economy grow is comparing the economy of a country to other countries economy especially countries that are doing well.
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