Question

Which economic indicators are used to measure the global economy? Check all that apply. 1.purchasing power parity 2.trade volumes 3.spending power parity 4.labor market data 5.gross domestic product 6.trade deficits and surpluses

Answer 1

purchasing power parity

- spending power parity

- gross domestic product

Answer 2

The following are indicators used to measure global economy:
- purchasing power parity
- spending power parity
- gross domestic product

These factors, one way or another, are co-dependent with each other and can result to chain reactions of events that would give benefit or failure to a particular country's economy.