When discussing economic growth, what is a positive indicator related to consumer credit? Question 13Answer a. People resorting to payday loans b. Cutting down on spending and not using credit c. Rise in the default rate on consumer credit d. People acquiring credit quickly
The positive indicator related to consumer credit in the context of economic growth is:
d. People acquiring credit quickly
This suggests that consumers are confident in their financial situation and are willing to take on debt to make purchases, which can stimulate economic activity.