Asked by Kennedy Kaiser on May 11, 2024
Verified
Industrial production increases. This is a ___________________.
A) leading economic indicators.
B) coincidental economic indicators.
C) lagging economic indicators.
D) not useful as economic indicators.
Industrial Production
The total output of the industrial sector, including manufacturing, mining, and utilities, within an economy.
Economic Indicators
Statistics and data points used to gauge the overall health of the economy.
Increases
Refers to a rise or growth in a particular metric or quantity, such as price, value, or quantity.
- Examine the influence of macroeconomic indicators on both the overall economy and specific enterprises.
Verified Answer
RS
rohan sharmaMay 13, 2024
Final Answer :
B
Explanation :
Industrial production is considered a coincidental economic indicator because it reflects the current state of the economy. It changes at approximately the same time as the overall economy, providing insight into the current economic conditions.
Learning Objectives
- Examine the influence of macroeconomic indicators on both the overall economy and specific enterprises.
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