Economic Indicators Quiz

What is the official unemployment rate of the United States referred to as?

• U-5

• U-7

• U-1

• U-3

What does the Consumer Price Index for Urban Consumers (CPI-U) measure?

• GDP per capita

• Unemployment rate

• Inflation rate

• Average price of common items

Which economic indicator is supposed to predict economic activity for the next 6 months?

• Leading Economic Indicators

• Coincident Economic Indicators

• Lagging Economic Indicators

• Unemployment Rate

What does the inflation rate indicate?

• Rate of change in government spending

• Rate of change in prices

• Rate of change in unemployment

• Rate of change in GDP

What is the total dollar value of all goods and services produced and sold in a country over a given time period called?

• Net Exports

• GDP

• Investment

• Government Spending

Which economic indicator is a lagging economic indicator?

• Lagging Economic Indicators

• Leading Economic Indicators

• Unemployment Rate

• Coincident Economic Indicators

What is the rate of change in the CPI-U number month-to-month and/or year-to-year called?

• Interest rate

• GDP growth rate

• Unemployment rate

• Inflation rate

What does Real GDP adjust for?

• Government spending

• Unemployment

• Interest rates

• Inflation

What does the Gross Domestic Product (GDP) measure?

• Size of the economy

• Inflation rate

• Unemployment rate

• Interest rate

What is the period of economic growth and decline called?

• Economic Cycle

• Contraction Cycle

• Business Cycle

• Expansion Cycle