In the US Balance of Payments, the Federal Deficit and Military Contract

question 90

Multiple Choice

In the U.S. balance of payments, the federal deficit and military contract awards are ____ of aggregate economic activity.

• A) leading indicators
• B) coincident indicators
• C) lagging indicators
• D) lot categorized indicators
• E) lot indicators

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Definitions:

Time Horizon

The length of time over which an investment or a project is intended or expected to occur.

Price Elasticity

A quantification of the demand elasticity for a good relative to its price alterations.

Price Elasticity

An indicator of the sensitivity of the demand for a product to fluctuations in its price, represented by the percentage change.

Quantity Demanded

The specific amount of a product that buyers are willing to purchase at a given price, holding all other factors constant.