Three of the major indicators of the economic condition of Canada are the gross domestic product (GDP),the price indices,and the:
A)unemployment rate.
B)debt to equity ratio (DER).
C)index of capital formation.
D)gross resource utilization index (GRUI).

Question

Quizplus · Accepted Answer

The unemployment rate is a key economic indicator that reflects the proportion of the labour force that is currently unemployed but actively seeking employment. A high unemployment rate can be an indication of an economic recession or downturn, while a low unemployment rate signifies a strong economy with high levels of employment. The GDP reflects the total value of goods and services produced within a country, while the price indices track changes in the overall level of prices for goods and services. The debt to equity ratio and gross resource utilization index are not widely used economic indicators in Canada.

Three of the Major Indicators of the Economic Condition of Canada