Which are indicators that economists use to measure how an economy grows? Select all that apply.

1) Monitoring election results

2) Measuring how much the economy produces

3) Monitoring the popularity of different music groups

4) Studying the economy of another country

5) Tracking the unemployment rate

Answer:- 2, 4  and 5

The correct answers are:

• Measuring how much the economy produces
• Studying the economy of another country
• Tracking the unemployment rate.

These factors are used by economists to gauge an economy’s growth and assess if it is feasible to invest in a certain nation.

These tools are used to assess a nation’s Gross Domestic Product (GDP), its unemployment rate, and its rate of growth relative to other nations when that nation is undergoing economic growth.

The economic indicator is a tool that economists use to collect data about the economy, analyze it, and determine if a country is a good place to invest.