Which indicators do economists use to determine the state of the economy? Check all that apply.

1.)prices

2.)immigration levels

3.) agricultural output

4.) employment levels

5.) gross domestic product (GDP)

The main economic indicator economists use to determine the state of the economy is the gross domestic product. The gross domestic product (GDP) includes the value of all the final and legal products and services produced in the country during the year. The increase of the general level of prices is called inflation. Employment indicators, especially the unemployment rate are very accurate thermometers of the economy. When an economy is hot (low unemployment rate), it means it is growing.

monikachinwaal55 monikachinwaal55 · Answer 2 · 2022-06-06T14:40:49+02:00

Economists use the Gross Domestic Product (GDP) in order to determine the state of the economy.

What do you mean by GDP?

GDP refers to the Gross Domestic Product, that helps to measure the total value of the goods and services produced in a country in a specified year.

Higher GDP states the better economic conditions, whereas lower GDP is the sign of weak economy.

Increasing GDP is a sign of economic strength.

Learn more about the GDP here:-

https://brainly.com/question/15682765

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Which indicators do economists use to determine the state of the economy? Check all that apply. 1.)prices 2.)immigration levels 3.) agricultural output 4.) employment levels 5.) gross domestic product (GDP)

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What do you mean by GDP?

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Which indicators do economists use to determine the state of the economy? Check all that apply.

1.)prices

2.)immigration levels

3.) agricultural output

4.) employment levels

5.) gross domestic product (GDP)