Answer:
An economy indication is an economic statistic, such as the unemployment rate, GDP, or the inflation rate, which indicate how well the economy is doing and how well the economy is going to do in the future.
Key takeaways:
An economic indicator is a macroeconomic measurement used by analysts to understand current and future economic activity and opportunity.
The most widely-used economic indicators come from data released by the government and non-profit organizations or universities.
Indicators can be leading—which tend to precede trends, lagging—which confirm trends, or coincident—that which is happening now.
So, think about what isn't important information. What data don't you need? Do you need to know the avg income of the city or state etc.? The population? The percent of female or male? Birthrate? Think about it
I hope this helped
