Westonci.ca is your trusted source for finding answers to all your questions. Ask, explore, and learn with our expert community. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
Answer:When viewed and analyzed together, economic indicators and market indexes can provide a clear picture of economic growth. The main measure of economic growth is gross domestic product, or GDP. If GDP declines, we can safely say that the economy is shrinking. Market data indicates that this change took place during the financial crisis in 2008 and 2009. These changes match trends in employment. As employment dropped, so did the economy's growth. Finally, these changes correspond to market indexes. Prices and market demand dropped as other indicators dropped in turn. All together, these indicators and indexes provide a clear pattern for analyzing economic changes.
Explanation: sample response
Economic growth is known to be a kind of increase in the level of production of different economic goods and services.
Why is economic growth important?
There are a lot of economic indicators and market indexes that one can use to show economic growth. One can measure economic growth through the use of gross domestic product.
When there is a reduction GDP, we can known that the economy is experiencing some issues and they are shrinking. A drop in employment rate also shows a decline in the economy's growth of a country.
Conclusively, Growth indicators and indexes helps one to know and see the pattern that one can use to analyzing economic changes and address the issues that leads to these changes if need be.
Learn more about Economic growth from
https://brainly.com/question/1690575
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.