Question

Which economic indicator would be most useful for figuring out how many goods are being sold to consumers?

Responses

gross domestic product

gross domestic product

retail sales

retail sales

Consumer Price Index

Consumer Price Index

new housing construction

Answer 1

The most useful economic indicator for figuring out how many goods are being sold to consumers is **retail sales**. Retail sales data specifically tracks the total receipts of retail stores and provides insights into consumer spending and demand for goods.