Answer: Several economic indicators aim to represent the financial situation of a country or region statistically. Academic indicators can reflect the level of education in the country.
Step-by-step explanation:
- There are several economic indicators, and their purpose is to show the financial situation of a country. Some of the economic indicators are the unemployment rate, consumer price index, employment rate outside the agricultural sector, industrial production index, US federal funds rate, retail, and others. Governmental and non-governmental institutions around the world regularly report on financial information using various economic indicators. The methods used to establish these reports may vary greatly; however, the goal is always to present valid economic parameters.
- The purpose of the academic indicators is mainly to show the situation in the education system of a country. Academic indicators also show the level of aspiration of specific tests for all levels of education, reading skills, etc. Academic parameters are used to see the results achieved at a certain educational level. Different academic settings are used to do this; for example, the rate of formal school qualifications helps to quantify whether students succeed in school.