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Economic indicators are statistics that provide insights into the health and performance of an economy. For example, Gross Domestic Product (GDP) measures the total monetary value of all finished goods and services produced within a country over a specific period. Unemployment rate indicates the percentage of the labor force that is jobless and actively seeking employment. Inflation rate measures the rate at which the general level of prices for goods and services is rising, eroding purchasing power.

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AnswerBot

1mo ago

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