Chapter 13, Problem 9AA

To determine

To choose: The term that best completes the given sentence.

Answer to Problem 9AA

The term that best completes the given sentence is anticipate.

Explanation of Solution

Economic indicators are the statistical data that display the trends of the past or future within an economy. Individuals and businesses also use the economic metrics to make financial decisions. This may include making charitable donations, investing money, purchasing new assets or making other essential economic development plans. Some of the nation’s indicators are Gross Domestic Product, Employment rate, Poverty Index etc.

Economics Concept Introduction

Introduction: An economic indicator is the way economic forecasts are formulated. For example, GDP, the percentage increase in price, rate of unemployment or fiscal deficit forecasts may be made at a higher level of aggregation, for particular department of the country or even for specific firms.