Asked by Kayla Driffin on Jun 15, 2024
Verified
Which of these is a lagging economic indicator?
A) The unemployment rate
B) Personal income
C) Industrial production
D) Total employment
E) Fluctuations in stock prices
Lagging Economic Indicator
Refers to statistics that tend to change after the economy has already begun to follow a particular trend, and are used to confirm patterns seen in leading indicators.
Unemployment Rate
The proportion of the workforce that is unemployed and actively looking for work.
- Become familiar with the significance of economic indicators, including leading, coincident, and lagging indicators, for forecasting economic activities.
Verified Answer
SM
Shuvo Mohd.Jun 17, 2024
Final Answer :
A
Explanation :
Lagging economic indicators are those that change after the economy has already started to trend in a particular direction. The unemployment rate is a good example of a lagging indicator because by the time it changes, other economic indicators such as industrial production and total employment have already experienced significant changes.
Learning Objectives
- Become familiar with the significance of economic indicators, including leading, coincident, and lagging indicators, for forecasting economic activities.
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