1. An economic indicator is __________________ that
A. Suggests the current and future condition and the future direction of an economy
B. Serves to indicate the total amount of goods and services produces within an economy during a given period of time
2. Which of the following are examples of economic indicators? check all that apply
A. The economy's personal finance index
B. The economy's inflation rate
C. The economy's unemployment rate
3. The value of countercyclical indicator moves in the ________ direction as the economy's condition, (same, opposite) whereas the value of procyclical indicator moves In the ______ direction as the economy's (opposite, Same) condition. In contrast, the value of a _______ indicator changes before the economy's condition lagging, leading) improves or worsens.
4. Which of the following statements regarding procyclical, countercyclical and leading economic indicators is corrects? check all that apply
A. An example of countercyclical indicators is an economy's gross domestic product
B. The consumer confidence index, which reflects consumers' optimism about the economy and their willingness to spend, is a leading indicator
C. Two countercyclical indicators are the unemployment rate and the interest rate.