Variables That Change Before Real GDP Changes Are Measured by The

question 1

Multiple Choice

Variables that change before real GDP changes are measured by the:

• A) personal income index.
• B) real GDP index.
• C) forecasting gauge.
• D) index of leading indicators.

---

Definitions:

Probability

The extent to which an event is likely to occur, measured by the ratio of the favorable cases to the whole number of cases possible.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Probability

A measure or estimation of how likely it is that an event will occur, expressed as a number between 0 and 1.

Unfavorable

Describing something that is disadvantageous, negative, or not beneficial; often related to opinions, conditions, or outcomes.