Which of the Following Is the Definition for the Term

question 57

Multiple Choice

Which of the following is the definition for the term leading indicator?

• A)It is an informal way of measuring the purchasing power parity between two currencies.
• B)It is a measurement of consumer confidence, which is defined as the degree of optimism about the state of the economy.
• C)It is an economic indicator found by adding the unemployment rate to the inflation rate of an economy.
• D)It is an indicator to measure changes in the price level of consumer goods and services purchased by households.
• E)It is an objective measure that accurately predicts future labor demand.

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Definitions:

Technological Advance

(1) An improvement in the quality of existing products, the invention of entirely new products, or the creation of new or better ways of producing or distributing products. (2) Any improvement in the methods by which resources are combined such that the same quantity of inputs can be made to yield a combination of outputs that is preferred to any combination of outputs that was previously possible.

Freedom of Choice

The right of individuals to make decisions for themselves without undue government restriction.

Society's Wants

The collective desires and needs of a community or society that drive demand and economic activity.