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    Economic Indicators

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    How can we use economic indicators to explain the affect of market forces on gross domestic product?

    © BrainMass Inc. brainmass.com October 9, 2019, 6:00 pm ad1c9bdddf

    Solution Preview

    Economic Indicators are used to gauge the impact of the indicators on the economy:

    An indicator is anything that can be used to predict future financial or economic trends. Popular indicators include unemployment rates, housing starts, inflationary indexes, S&P 500 and consumer confidence.
    If these indicator are favourable then it is good for the GDP. FOr example reducing unemployment rates, growth in housing starts, moderate inflation, rise in S&P.

    For example
    The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of ...

    Solution Summary

    Economic Indicators are summarized here.