To Look at the Health of the Economy, Economists Would

question 59

Multiple Choice

To look at the health of the economy, economists would most probably look at indictors such as:

• A)real GDP, unemployment rate and, the inflation rate.
• B)level of saving, nominal GDP and, the inflation rate.
• C)nominal GDP, level of investment and, the general price level.
• D)the general price level, employment rate and, level of saving.

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Definitions:

Operational Assumptions

Preconceived notions or expectations about how daily business operations should proceed or will occur.

Scenario Planning

A strategic planning method that organizations use to visualize and prepare for various future conditions or events.

Qualitative Forecasting

Prediction methods that rely on expert judgments and non-numerical information, often used for making long-term assessments.

Organizational States

Different phases or conditions in which an organization operates, reflecting its growth, stability, or decline.