Which of the Following Is Not a Component of the Index

question 54

Multiple Choice

Which of the following is not a component of the Index of Leading Economic Indicators?

• A) housing outlays index
• B) money supply
• C) new orders for durable goods
• D) Treasury bill rates

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Definitions:

Labor Supply

The total hours that workers wish to work at a given real wage rate, reflecting how individuals divide their time between labor and leisure.

Capital

Financial assets or the monetary value of physical assets such as buildings or machinery used by a business to produce goods or services.

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, keeping all other inputs constant.

Additional Output

The extra quantity of output produced as a result of increasing the level of input by one unit.