Question

Which economic indicators are used to measure the global economy? Check all that apply.

purchasing power parity
trade volumes
spending power parity
labor market data
gross domestic product
trade deficits and surpluses

Answer 1

Used to measure the global economy:

Trade Volumes - how much is being traded

Labor Market Data - data collected from those who are employed in the labor force that give back to the economy

Gross Domestic Product - total value of goods and services provided in a country during one year

Trade Deficits and Surpluses - too much or too little items left from a trade

Answer 2

Economic indicators used to measure the global economy include:

• Trade volumes.
• Labor market data.
• Gross domestic product.
• Trade deficits and surpluses.

How can we measure the global economy?

Factors like trade volumes can be used as these show how much trade is occuring in the world. Labor market data then shows us the employment rates around the world.

Gross domestic product makes us aware of how productive a nation is and trade deficitis and surpluses are important for understanding trends in global trade.

Find out more on economic indicators at https://brainly.com/question/903754.

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