One Way That Economists Measure the Performance of an Economy

question 28

Multiple Choice

One way that economists measure the performance of an economy is by looking at a widely used measure of total output know as the _____.

• A)consumer confidence index
• B)leading economic indicator
• C)gross domestic product
• D)consumer price index

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Definitions:

Chapter 7

A provision of the United States Bankruptcy Code dealing with asset liquidation for the debtor to pay off creditors.

Chapter 11

A provision of the United States Bankruptcy Code that allows businesses to reorganize and restructure their debts in order to remain operational.

Debtor's Obligations

Duties and responsibilities owed by a debtor to a creditor, including repayment of loans or debts under agreed terms.

Discharged

Refers to being released or freed from a contractual or legal obligation or liability.