which of these is an economic indicator used to tell how an economy is doing?\na equilibrium price\nb…
which of these is an economic indicator used to tell how an economy is doing?\na equilibrium price\nb consumer price index\nc job satisfaction rate\nd presidential approval rate
Answer
Brief Explanations:
The Consumer Price Index (CPI) measures changes in the price level of a weighted - average market basket of consumer goods and services. It is widely used to gauge inflation and overall economic health. Equilibrium price is more about market balance in a specific good/service context. Job satisfaction rate and presidential approval rate are not economic indicators for overall economic performance.
Answer:
B. Consumer Price Index