If a Tracking Signal Is Positive,which One of the Following

question 37

Multiple Choice

If a tracking signal is positive,which one of the following is true?

• A)Actual value is higher than forecast
• B)Actual value is less than forecast
• C)Actual value is equal to forecast
• D)Unable to draw any conclusion

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Definitions:

Normal Good

A good whose demand increases as consumers' income rises, holding all other factors constant.

Consumption

Consumption refers to the use of goods and services by households. It is a primary component of the economy, encompassing the spending on goods and services by consumers.

Income

Money received, especially on a regular basis, for work or through investments.

Income Effect

The change in an individual's or economy's income and how that change will affect the quantity demanded of a good or service.