GDP per capita is often used to measure the __________. a.) overall GDP growth rate for an economy b.) gross national product c.) standard of living d.) GDP adjusted for inflation 1 Understanding Indicators Determine how economic indicators can be utilized to study the economy. Which of the following statements regarding economic indicators is false? a.) Most indicators provide a snapshot view of the economy. b.) Lagging indicators provides us with a look at what just happened in our economy. c.) Stock market performance is a leading indicator. d.) Macroeconomic indicators are 100% accurate all of the time