Questions: Which of the following is a popular indicator of economic growth? (Select the best answer below.)
A. the level of employment
B. personal income level
C. new home sales
D. All of the above.
Transcript text: Which of the following is a popular indicator of economic growth? (Select the best answer below.)
A. the level of employment
B. personal income level
C. new home sales
D. All of the above.
Solution
Answer
The answer is D. All of the above.
Explanation
Option A: The level of employment
The level of employment is a key indicator of economic growth. High employment levels typically indicate a healthy economy, as more people working generally leads to increased production and consumption.
Option B: Personal income level
Personal income level is another important indicator of economic growth. As the economy grows, individuals and households tend to earn more, which can lead to increased spending and investment.
Option C: New home sales
New home sales are also a significant indicator of economic growth. An increase in new home sales often reflects consumer confidence and economic stability, as people are more likely to invest in real estate when they feel secure about their financial future.
All these indicators together provide a comprehensive view of economic growth, which is why the best answer is D. All of the above.