The ____ Is Not an Indicator of Economic Growth

question 24

Multiple Choice

The ____ is not an indicator of economic growth.

• A)producer price index
• B)gross domestic product
• C)national income
• D)unemployment rate
• E)All of the above are indicators of economic growth.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales over a certain range and time period.

Variable Costs

Costs that vary in direct proportion to changes in the level of production or sales volume.

Variable Costs

Costs that change in proportion to the level of production or activity, such as materials and labor.

Sales

The transactions involving the exchange of goods or services for money.