Industrial production refers to _________.
A)the amount of personal disposable income in the economy
B)the difference between government spending and government revenues
C)the total manufacturing output in the economy
D)the total production of goods and services in the economy
E)none of the above

Question

Quizplus · Accepted Answer

Industrial production refers specifically to the output of the manufacturing sector in the economy, so choice C is the correct option. Choice A refers to personal income rather than production, and choice B refers to the government's budget rather than production. Choice D is too broad and includes all sectors of the economy, not just manufacturing.

Industrial Production Refers to _________