Which of the Following Economic Series Is not included in the National

question 113

Multiple Choice

Which of the following economic series is not included in the National Bureau of Economic Research (NBER) lagging indicator group?

• A) Average duration of unemployment
• B) Ratio of manufacturing and trade inventories to sales
• C) Number of employees on nonagricultural payrolls
• D) Percentage change in the labor cost per unit of output in manufacturing
• E) All of the above are included in the NBER lagging indicator group

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Definitions:

Unlevered Cost

Refers to the cost a company would incur without the benefit or cost of debt financing.

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity and preferred equity, which is used to finance its overall operations and growth.

Economic Expansion

A phase of the business cycle where the economy grows and increases in activity, marked by rising GDP, employment, and income.

EBIT

Earnings Before Interest and Taxes; a measure of a firm's profitability that includes all expenses except interest and income tax expenses.