Average Weekly Hours in Manufacturing Is an Example of A

question 60

Multiple Choice

Average weekly hours in manufacturing is an example of a:

• A)leading indicator.
• B)coincident indicator.
• C)lagging indicator.
• D)none of the above.

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Definitions:

Standard Of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class in a certain geographic area.

Natural Resources

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

Standard Of Living

The degree of prosperity, convenience, and access to material possessions and basic needs experienced by an individual, community, or society.

Real GDP

The measure of the value of economic output adjusted for price changes (inflation or deflation), reflecting the real volume of production.