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Econ Indicators Quiz

Authored by Samantha Allensworth

Social Studies

12th Grade

Used 1+ times

Econ Indicators Quiz
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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the unemployment rate typically used to measure?

The percentage of the total labor force that is employed

The percentage of the total labor force that is unemployed and actively seeking employment

The percentage of the total population that is employed

The percentage of the total population that is unemployed

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which phase of the business cycle is characterized by rising economic activity and employment levels?

Expansion

Peak

Recession

Trough

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a leading economic indicator?

A statistic that predicts future economic activity

A statistic that confirms patterns in past economic data

A measure of current economic performance

A measure used to evaluate agricultural output

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a leading economic indicator?

Stock market returns

Consumer confidence index

Gross Domestic Product (GDP)

Building permits

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

During which phase of the business cycle does unemployment typically begin to decrease?

Peak

Recession

Expansion

Trough

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a high unemployment rate indicate about an economy?

Strong economic growth

Economic stability

Potential economic hardship

High levels of investment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which phase follows the peak in a business cycle?

Expansion

Recession

Recovery

Trough

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