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Unit 3A Test

Question 20 • (OC27) Economics-2102310-Sem-Meadows

Which indicators do economists use to determine the state of the economy? Choose three answers.pricesimmigration levelsagricultural outputemployment levelsgross domestic product (GDP)

Answer
p
prices
i
immigration levels
a
agricultural output
e
employment levels
g
gross domestic product (GDP)

Explanation

Economists commonly track prices, employment, and gross domestic product (GDP) to assess economic conditions. Prices indicate inflation, employment levels show how many people are working, and GDP measures the value of goods and services produced. Immigration levels and agricultural output alone are not standard broad indicators of the overall state of the economy.

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