Three Important Economic Indicators of the United States Are the Unemployment

question 49

Multiple Choice

Three important economic indicators of the United States are the unemployment rate, the price indices, and the

• A) debt to equity ratio (DER).
• B) gross resource utilization index (GRUI).
• C) gross domestic product (GDP).
• D) gross output (GO).

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Definitions:

Unilateral Mistake

In contract law, a mistake made by only one of the contracting parties. Unilateral mistake does not offer sufficient grounds for recession or renegotiation.

Rescind Contract

The process of legally voiding a contract, thereby returning all the parties involved to their original state as if the contract had never occurred.

Firm Offer

In contract law, refers to an offer that remains valid for a specified period during which it cannot be withdrawn by the offeror.