Question

The u.s. economic system relies on: the private sector to measure its economic well being. industries that produce capital equipment to determine how well things are going. frictional unemployment statistics as the sole measure of economic health. key economic indicators such as gdp, to measure economic progress.

Answer 1

The U.S. economic system relies on key economic indicators such as gdp, to measure economic progress. The U.S. economic system predicts how the system will look in the future by past and current market trends. The GDP, gross domestic product, is the total value of goods and services that are provided within a country during a single year. The factors are studied yearly and used for many different predicitors for years to come.