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Which economic indicator is most likely to be affected by a natural disaster?
Practice Questions
Q1
Which economic indicator is most likely to be affected by a natural disaster?
Unemployment rate
Consumer confidence index
Gross domestic product (GDP)
All of the above
Questions & Step-by-Step Solutions
Which economic indicator is most likely to be affected by a natural disaster?
Steps
Concepts
Step 1: Understand what economic indicators are. They are statistics that show how well the economy is doing.
Step 2: Identify common economic indicators, such as GDP, unemployment rate, consumer spending, and inflation.
Step 3: Consider what happens during a natural disaster. It can cause damage to property, disrupt businesses, and affect people's jobs.
Step 4: Realize that when a natural disaster occurs, it can lead to changes in all the economic indicators mentioned.
Step 5: Conclude that all of these indicators are likely to be affected because they reflect how people and businesses are doing after the disaster.
No concepts available.
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