Economists and industry analysts pay close attention to the volume of rail cargo shipments because changes in rail shipments have historically been good indicators of
A)future oil prices.
B)future exchange rate changes.
C)future economic activity.
D)past decreases in marginal tax rates.
E)potential GDP.

Question

Quizplus · Accepted Answer

Changes in rail shipments have historically been good indicators of future economic activity, as rail cargo is closely tied to the movement of goods and materials used in production and consumption.

Economists and Industry Analysts Pay Close Attention to the Volume