What are two types of tools that economists use to forecast future economic developments?
A) leading indicators and computer models
B) direct imputations and indirect attributions
C) visual assessment and global positioning
D) monetary instruments and fiscal instruments

Question

Quizplus · Accepted Answer

Economists commonly use leading indicators, which are statistics that tend to change before the overall economy starts to change, to forecast future economic developments. They also use computer models, which are mathematical representations of the economy, to analyze past trends and make predictions about future trends. Options B, C, and D are not accurate tools used by economists for forecasting economic developments.

What Are Two Types of Tools That Economists Use to Forecast