Asked by Micaila Reinschild on Jun 12, 2024
Verified
Which of these is a coincident economic indicator?
A) The demand for plant and machinery
B) Personal income
C) Real estate growth
D) The interest rate
E) The unemployment rate
Coincident Economic Indicator
An economic statistic that changes at the same time as the economy or stock market, providing insight into the current state of economic activity.
Personal Income
The total amount of income earned by individuals or households from all sources before any taxes or deductions.
- Learn the importance of economic indicators, like leading, coincident, and lagging indicators, in projecting economic activities.
Verified Answer
AD
Austin DeBerryJun 17, 2024
Final Answer :
B
Explanation :
Personal income is considered a coincident economic indicator because it reflects the current economic conditions. Changes in personal income levels usually occur simultaneously with the economy's general performance, making it a reliable indicator of the current economic state.
Learning Objectives
- Learn the importance of economic indicators, like leading, coincident, and lagging indicators, in projecting economic activities.
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