The Conference Board releases information about the economy on a monthly basis. Included are a number of different indicators. Economic indicators can be leading, lagging, or coincidental, which indicates the timing of their changes relative to how the economy as a whole changes. Which of the following is a lagging economic indicator?
A) Hours worked.
B) Corporate profits.
C) S&P 500.
D) Housing permits issued.
Answer: B) Corporate profits.