DeutschWhat is an Economic Indicator?
An economic indicator is a statistic about economic activities that allows analysis of economic performance and predictions of future performance.
Explanation:
Indicators include GDP, unemployment rates, and inflation rates. They provide insight into the state of the economy and can influence investment decisions.
Practical Example of Economic Indicator:
The Consumer Price Index (CPI) is an economic indicator that measures changes in the price level of a basket of consumer goods and services.
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