[Answer] Which of the following is the biggest pitfall of economic indicators?

Answer: They do not consistently presage turning points.
Which of the following is the biggest pitfall of economic indicators?

An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles. Economic indicators include various indices earnings reports and economic summaries: for example the unemployment rate quits rate (quit rate in American …

The Democracy Index is an index compiled by the Economist Intelligence Unit (EIU) the research division of the Economist Group a UK-based private company which publishes The Economist weekly magazine.The index is self-described as intending to measure the state of democracy in 167 countries of which 166 are sovereign states and 164 are UN member states.

Economic indicator – Wikipedia

Economy of Zambia – Wikipedia

Economy of Namibia – Wikipedia

Economy of India – Wikipedia

The economy of Malawi is predominantly agricultural with about 80% of the population living in rural areas. The landlocked country in south central Africa ranks among the world’s least developed countries.In 2017 agriculture accounted for about one-third of GDP and about 80% of export revenue. The economy depends on substantial inflows of economic assistance from the IMF the World Bank …

The economy of Namibia has a modern market sector which produces most of the country’s wealth and a traditional subsistence sector. Although the majority of the population engages in subsistence agriculture and herding Namibia has more than 200 000 skilled workers and a considerable number of well-trained professionals and managerials.

Zambia is a developing country and has achieved middle-income status in 2011. Through the first decade of the 21st century the economy of Zambia was one of the fastest growing economies in Africa and its capital Lusaka the fastest growing city in the Southern African Development Community (S…

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