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Using your notes and the chapter, answer these questions from the bottom of Page 48:
1. Describe the four types of major shifts the United States has experienced with its economy, starting with the 1600s.
2. What is shown by the following economic indicators:
• GDP
o unemployment rate
o rate of inflation
o national debt
3. How does an individual influence the economy?
4. Give an example of one way the government might influence the economy.
5. List the four stages of the business cycle and give a brief description of each stage.

Sagot :

Answer An economic indicator is a piece of economic data, usually of macroeconomic scale, that is used by analysts to interpret current or future investment possibilities. These indicators also help to judge the overall health of an economy.

Economic indicators can be anything the investor chooses, but specific pieces of data released by the government and non-profit organizations have become widely followed.

Explanation:

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