Economic Quiz Dec 23

From the start of 2023 until the end of November, which one of the following currencies depreciated the most against the US dollar, according to official exchange rates?

• Argentine peso

• Lebanese pound

• Syrian pound

• Zimbabwean dollar

Which country’s housing market has gained the infamous title of being the most overpriced relative to incomes in 2023?

• Canada

• South Korea

• United Kingdom

• United States

According to the Common Sense Institute, an economic research body in Colorado, how much additional consumer spending could Taylor Swift’s latest US tour generate?

• $490m

• $1.6bn

• $2.2bn

• $4.6bn

According to IMF forecasts, which one of the following high-income countries is predicted to borrow the most amount of money as a share of GDP in 2023?

• Norway

• Qatar

• Japan

• United States

Global stocks posted the biggest monthly gains in three years in November on falling interest rate expectations as inflation rates fell in several major economies

• True

• False

In the UK, RMT union members voted to accept a 50% pay deal backdated to 2022 with no redundancies or changes to working conditions, ending 18 months of strike action

• True

• False

The UK’s competition watchdog ruled that the $20bn Adobe and Figma deal would eliminate competition in the digital design sector

• True

• False

US carmaker Ford announced a $1bn increase to its 2023 profit outlook after reaching a pay deal with United Auto Workers that will cost the company $8.8bn for the next four years

• true

• false