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:

Inventory

The sum of all products and materials possessed by a firm, intended for either reselling or manufacturing.

Statement of Cash Flows

A financial report detailing the inflow and outflow of cash and cash equivalents for a business.

Direct Method

A cash flow statement preparation technique that lists all major operating cash receipts and payments for the period.

Bonds

Financial securities that represent a loan made by an investor to a borrower, typically corporate or governmental.