SIE Exam Question 69: Answer and Explanation

Question: 69

Of the following, which is the LEAST likely to be utilized by economists in analyzing the overall condition of the economy?

  • A. Oil prices
  • B. Supply and demand
  • C. Gross domestic product (GDP)
  • D. Fluctuations in the country’s business cycle

Correct Answer: A

Explanation:

In analyzing the overall condition of a country's economy, an economist would be least likely to utilize oil prices, and MORE likely to look to charts and models regarding supply and demand, the country's gross domestic product (GDP), and fluctuations in its business cycle.

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