question 1

What do economic indicators provide? a.) Data that can be used for decades to come, as O indicators are slow to change b.) A view of the whole economy at a specific point in O time c.) A look into specific industries only d.) The ability to predict with certainty what will happen O next in the economyWhich of the following statements regarding GDP is true? a.) GDP is not a good indicator of wealth distribution. b.) When comparing GDP from different time periods, O price level is not a factor. c.) GDP is a strong indicator of general population well- O being. d.) GDP counts the value of all goods and services at all O stages of production.Which of the following is true regarding the Consumer Price Index (CPI)? O a.) Shows the inflation rate for all goods in an economy b.) Shows the change in prices for a market basket of O goods 0 c.) Includes measures of intermediate goods 0 d.) Changes monthly as consumer spending changes