What is an economic indicator?
A) a business expert who understands the economy and can advise managers how best to handle their companies
B) a formula used by accountants to determine their company's net profit
C) an aspect of the economy that can be measured in order to determine a country's overall economic health
D) a way of identifying whether a given market is an oligopoly or monopolistic competition
E) an action taken by the government to influence swings in the business cycle
C
Explanation: C) Economic indicators–particularly the gross domestic product (GDP), price indices, the unemployment rate, and productivity–are used to determine how well businesses are performing overall.
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a. true b. false
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