Explain why each of the following indicators is important in tracking the economy's performance.
(a) real GDP growth
(b) nonfarm payrolls
(c) unemployment rate
Correct Answer:
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Q101: Explain the following concepts:
(a) nominal variables
(b) data
Q102: What are lagging indicators? Provide an example
Q103: What are leading indicators? Provide two examples
Q104: Consider the chart that shows core inflation
Q105: Which measure of inflation is best to
Q107: Explain why each of the following indicators
Q108: You are presented with the following information
Q109: You are presented with the following information
Q110: What are five tips for tracking the
Q111: The data shows annualized quarterly growth
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