What are the two primary factors economists consider when evaluating the American economy?
A) growth in GDP and jobs
B) standard of living and consumer confidence
C) government regulation and profitability
D) national debt and budget deficits
E) growth in the tax base and unemployment

Question

Quizplus · Accepted Answer

When looking at the American economy, growth in GDP and jobs are the two primary factors economists consider. A positive relationship exists between a country's employment rate and economic growth. A nation's output depends on the amount of labor used in the production process, so there is also a positive correlation between output and employment. In general, as the labor force and productivity increase, so does GDP.

What Are the Two Primary Factors Economists Consider When Evaluating