Question

Question 2 Mark this ques Which statement below regarding economic indicators is true? O Economia indicators are inherently macroeconomic. Trends, patterns or situations that assist in forecasting the economy are considered lagging indicators O It is common practice to only look at one indicator when analyzing the macroeconomy Economic Indicators provide a view of the economy over an extended period of time Save and Conte

Answer 1

Economic indicators refers to the data points through which predictions regarding the future situation in the economy is made.

These economic data points pertains to the economy as a whole.

It is the macroeconomic data points that pertains to the economy as a whole.

So, it can be said that economic indicators are inherently macroeconomic in nature.

Hence, the correct answer is the option (1).