Question

Which are indicators that economists use to measure how an economy grows? Select all that apply. monitoring election results measuring how much the economy produces monitoring the popularity of different music groups studying the economy of another country tracking the unemployment rate

Answer 1

Answer:

B.) Measuring how much the economy produces

D.) Studying the economy of another country

E.) Tracking the unemployment rate

Answer 2

Correct options are B, D and E.

Measuring how much the economy produces, studying the economy of another country and Tracking the unemployment rate are the best indicators that economists use to measure how an economy grows.

Natural resources, capital goods, human resources and technology are man four supply variables, and they all have an impact on the value of goods and services provided. Economic growth, as measured by GDP, refers to an increase in the rate of growth of GDP, but the factors that govern the rate of growth of each component are quite varied.

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